Ratings agencies upgrade Atlanta bonds – Atlanta Business Chronicle

19
Aug

Ratings agencies upgrade Atlanta bonds – Atlanta Business Chronicle

Fitch Ratings upgraded Atlanta’s water and sewer revenue bonds from “A” to “A-plus,” affecting about $3.1 billion of debt, Reuters reported.

The upgrade resulted from the city’s “increased flexibility in addressing an onerous consent decree deadline, a favorable resolution of the tri-state water rights litigation, and a measurable improvement in financial metrics,” the rating agency said in a statement.

via Ratings agencies upgrade Atlanta bonds – Atlanta Business Chronicle.

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