RUTHERFORD CO., Tenn (WGNS) - Rutherford County has solidified its reputation for financial excellence, earning a coveted AAA bond rating from Fitch Ratings—an achievement that underscores the County’s unwavering commitment to fiscal responsibility, economic strength, and strategic long-term planning.
This distinction places Rutherford County among an elite group, making it only the second county in Tennessee to hold multiple AAA bond ratings. The latest recognition from Fitch follows a previous AAA rating awarded by Moody’s Investors Service, further cementing the County’s financial standing.
“We are incredibly proud to receive this second ‘AAA’ bond rating,” Rutherford County Mayor Joe Carr said. “This rating results from a fiscally balanced approach that I have championed since taking office. Our teams’ hard work and dedication to sound financial practices directly benefit the taxpayers and community.”
“This rating is a testament to Rutherford County’s dedication to sound fiscal policy and responsible budgeting,” said Robert Peay, Chairman of the Rutherford County Budget Committee. “Our citizens can take pride in the disciplined financial management that has strengthened our reserves and enabled strategic investments in infrastructure and essential services. Securing a second AAA rating confirms our continued success.”
Rutherford County Government Finance Director Michael Smith, CPA shared the news at the most recent Commission meeting. “This is the highest rating we can receive, Smith said. “It affirms the county’s strong financial management practices, strong fiscal policies, and commitment to conservative budgeting practices.”
Rutherford County Commission Chairman Jeff Phillips said, “This AAA rating confirms Rutherford county’s strong commitment to conservative stewardship of taxpayer money. This is a direct result of budgeting within our means and continuing to plan not just for today but for the future.”
A AAA rating from Fitch represents the highest level of creditworthiness, granting the County access to lower borrowing costs—a financial advantage that will translate into significant taxpayer savings on future capital projects.
County Commissioner Craig Harris emphasized the broader significance of the achievement: “This rating isn’t just about financial stability; it reflects the strength of our community, the vision of our leadership, and our collective commitment to responsible governance. It’s an honor earned through the diligent work of our top-tier finance team and dedicated public officials.”
As Rutherford County continues to experience rapid growth, this latest AAA rating reinforces its ability to fund critical infrastructure, education, and public safety initiatives, ensuring a prosperous future for its residents.
The full rating can be found at https://www.fitchratings.com/
