Clayton County hires financial adviser

10:24 AM, Apr 15, 2009   |    comments
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JONESBORO, Ga. (AP) -- Clayton County, trying to prevent a downgrade in its bond rating that would cost taxpayers millions of dollars, has hired a financial adviser. The County Commission voted 3-2 on Tuesday to hire Jerry Cutrer of Headlands Capital Corporation as an adviser.

 

He will negotiate with Moody's Investor Services in an attempt to convince the rating company that the county's finances are strong. Moody's threatened to downgrade Clayton County's credit rating

amid concerns about the county's record keeping, fund balance and spending. Cutrer's resume says he currently serves as financial adviser for the city of Richmond Hill in Bryan County.

 

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