...Barrow County's 'AAA' Issuer Default Rating (IDR) reflects solid financial performance, supported by very strong unrestricted reserve levels and steadily improving demographic and economic metrics. Strong budget management and growth in the economy have driven strong revenue growth, helping to boost unrestricted reserves to 69% of fiscal 2025 spending, supporting Barrow County's 'aaa' financial resilience assessment. The county's long-term liability (LTL) burden associated with direct debt, pension liabilities and carrying costs is assessed as strongest, inclusive of the current issuance. Given pay-as-you-go capital funding and fiscally balanced operations, Fitch expects the county to continue managing LTLs at prudent levels while maintaining reserves above at least 7.5% of spending. Fitch assesses the population trend as 'Strongest' offset by 'Midrange' demographic and economic level metrics associated with unemployment rate, resident educational levels and median household income relative...
