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Fitch Affirms Cobb County, GA's Water Sewer Revs at 'AAA'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AAA' rating on the following Cobb County, Georgia (the county) bonds: --$169.5 million water and sewer revenue bonds, series 2009 and 2013. The Rating Outlook is Stable. SECURITY The bonds are secured by a first lien on and pledge of net revenues of the county's water and sewer system (the system). KEY RATING DRIVERS STRONG OPERATING MARGINS: Consistently strong operating margins provide very healthy debt service coverage and adequate l

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