Houston County Refinances $10.5 M Bond

By: Muriel Bailey Email
By: Muriel Bailey Email

It looks like a good credit score does pay off, even for Houston County.

The county has refinanced a $10.5 million bond.

Officials say a better credit rating lowered the county's interest rate by 2 percent.

That will ultimately save citizens about $430,000.

"To us that is the result of a lot of hard work, particularly by our administrator but to our citizens what it says is they can feel assured that the financial condition of this county is good, were very credit worthy and we are running the county in a good manner," said Houston Co. Commission Chairman Mark Culver.

The county's rating stayed the same with Moody's and went up with Standard and Poor's.

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