Atlanta's Series 2018A Water, Wastewater Bonds Assigned 'AA-' Rating

NEW YORK (S&P Global Ratings) June 5, 2018--S&P Global Ratings assigned its 'AA-' rating to Atlanta's series 2018A water and wastewater revenue refunding bonds. In addition, we affirmed our 'AA-' long-term rating on the city's water and wastewater system revenue bonds outstanding. The outlook is stable. "The rating reflects our opinion of the combination of very strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Scott Garrigan, "and the enterprise risk profile reflects our view of Atlanta's role as one of the largest economic and employment anchors in the southeastern U.S., with a metropolitan statistical area (MSA) that continues to demonstrate robust growth, depth, and diversity." Other factors include the system's: Very high rates, which could be

...NEW YORK (S&P Global Ratings) June 5, 2018--S&P Global Ratings assigned its '##-' rating to Atlanta's series 2018A water and wastewater revenue refunding bonds. In addition, we affirmed our '##-' long-term rating on the city's water and wastewater system revenue bonds outstanding. The outlook is stable. "The rating reflects our opinion of the combination of very strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Scott Garrigan, "and the enterprise risk profile reflects our view of Atlanta's role as one of the largest economic and employment anchors in the southeastern U.S., with a metropolitan statistical area (MSA) that continues to demonstrate robust growth, depth, and diversity." Other factors include the system's: + Very high rates, which could be further pressured in future years should the utility system need to lessen its reliance on allocated municipal option sales tax (MOST) revenues; and + Operational management practices and policies that we...

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