The bonds, series 2001A and 2001B, dated Dec. 1, 2001, are due Dec. 1, 2026. Standard & Poor's also affirmed its AA and AA underlying ratings (SPUR) on the city's outstanding GO debt. The outlook is stable, S&P notes in a prepared analysis.
The rating is based on Atlanta's unlimited ad valorem tax pledge andreflects the Atlanta's diverse economy, which anchors a strong regional economy; the initiation of improved financial policies and controls; and a manageable debt burden, according to the S&P analysis
Metropolitan Atlanta accounts for almost half of Georgia's population. Services and trade are responsible for most of the city's jobs. Atlanta's employment growth averaged 2.7% a year from 1997-2000. The metro area's unemployment rates, however, are higher than state and national averages.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
