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DeKalb bonds downgraded | ajc.com

December 17, 2010 1 comment

DeKalb bonds downgraded  | ajc.com.

This is not good news for the county. We are sliding further from the AAA credit rating. This means the county will pay more in interest, sort of like a person with marginal credit. Thats bad news for all of us, and I wonder how the county will spin this as not so bad news. What was more disturbing was the fact that Moody’s downgraded the county’s outlook from stable to negative. There could be long-term pain for residents if this slide continues.

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