Gov. Nathan Deal called the rating “a reflection of the state’s commitment to sound fiscal management.”
Deal said the top rating will help the state secure lower interest rates in the state’s largest-ever competitive offering of $997 million.
Georgia is one of just eight states with triple-A ratings from Moody’s, Standard & Poor’s and Fitch.
The borrowing will go to fund a number of school and college construction projects, The state will also refinance outstanding debt at lower rates, allowing it to save about $16 million during the fiscal year that starts July 1.
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