Macon-Bibb County Consolidated Government, GA: Annual Comment on Macon-Bibb CCG

Moody's assigns A1 to Macon-Bibb County Consolidated Gov't, GA's $20.8M Revenue Bonds, Ser. 2019 A&B; outlook stable - Rating Action – 2019/10/18 – US$ 180.00 – ...MOODY'S CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS OR MOODY'S PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. CREDIT RATINGS AND MOODY'S PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained...

Macon-Bibb County Consolidated Gov't, GA: Update following downgrade to A1 - Credit Opinion – 2018/03/29 – US$ 250.00 – ...The Macon-Bibb County Consolidated Government, GA (A1 stable) has been challenged in recent years to match revenues and expenditures following the consolidation of Bibb County and the City of Macon in 2014, which has lead to multiple years of operating deficits and a very narrow reserve position in fiscal 2017. Positively, the county's tax base is large and serves as an economic center for the region, gaining stability from several universities and hospitals, as well as a growing manufacturing presence. Resident income and wealth levels remain low however. Fixed costs are currently manageable, but the county's decision to rely on OPEB trust assets to fund current expenses in fiscal 2017 and 2018 is indicative of ongoing budgetary pressures. On March 29, we downgraded the county's general obligation rating to A1 from Aa2. We also downgraded the outstanding former City of Macon debt to A2 from Aa3. The outlook has been revised to stable from negative....

Macon-Bibb County Consolidated Government, GA: New Issue: Moody's Assigns Aa2 to Macon-Bibb, GA's $35M GO Bonds, Ser. 2017; Negative Outlook Assigned - New Issue – 2017/04/18 – US$ 750.00 – ...Moody's Investors Service has assigned a Aa2 rating to Macon-Bibb County Consolidated Government, GA's $35 million General Obligation Sales Tax Bonds, Series 2017. Concurrently we have affirmed the Aa2 on the government's $81.8 million parity debt outstanding and the Aa3 rating on the $10.9 million Series 2012 bonds issued by the former City of Macon. The outlook has been revised to negative. The Aa2 reflects the county's large tax base that serves as a regional economic and employment hub for central Georgia and adequate reserves levels despite recent declines, which are somewhat mitigated by ongoing budget adjustments following the consolidation of Bibb County and the City of Macon in 2014. The rating also incorporates manageable debt and pension burdens....

Moody's Assigns Aa2 to Macon-Bibb, GA's $35M GO Bonds, Ser. 2017; Negative Outlook Assigned - Rating Action – 2017/04/18 – US$ 180.00

Macon-Bibb County Consolidated Government, GA: Sales Tax Shortfall Is a Manageable Credit Negative for Macon-Bibb County, GA - Issuer Comment – 2017/02/14 – US$ 200.00

Moody's affirms Bibb County, GA's outstanding GO debt at Aa2 and upgrades Macon, GA's outstanding GO debt to Aa2 - Rating Action – 2014/04/22 – US$ 180.00

Moody's affirms Bibb County, GA's outstanding GO debt at Aa2 and upgrades Macon, GA's outstanding GO debt to Aa2 - Rating Update – 2014/04/22 – US$ 250.00

Correction to Text, June 25, 2013 Release: Moody's assigns Aa2 to Bibb County, GA's $12.6M GO Bonds - Announcement – 2013/06/28 – US$ 180.00

Correction to Text, June 25, 2013 Release: Moody's assigns Aa2 to Bibb County, GA's $12.6M GO Bonds - Rating Update – 2013/06/28 – US$ 250.00

Moody's assigns Aa2 to Bibb County, GA's $12.6M GO Bonds - New Issue – 2013/06/25 – US$ 750.00