Summary: Atlanta Downtown Development Authority, Georgia   Atlanta; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research

Summary: Atlanta Downtown Development Authority, Georgia Atlanta; General Obligation Equivalent Security

Summary: Atlanta Downtown Development Authority, Georgia   Atlanta; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research
Summary: Atlanta Downtown Development Authority, Georgia Atlanta; General Obligation Equivalent Security
Published Apr 27, 2009
1508 words — Published Apr 27, 2009
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Abstract:

Standard&Poor's Ratings Services has assigned its 'A' rating to the City of Atlanta's Downtown Development Authority's series 2009A refunding revenue bonds and its 2009B taxable refunding bonds. The outlook is stable. The bonds are secured by an assignment of rights to rental payments made by the city under an intergovernmental agreement between the city and authority. The city's full faith and credit pledge secures its obligation to make rental payments. Series 2009A bond proceeds will be used to refund the authority's series 2002 variable rate bonds. Proceeds from the series 2009B taxable bonds will be used to pay a swap termination payment related to the bonds and estimated at $7.5 million. On March 9, 2009, Standard&Poor's

  
Brief Excerpt:

RESEARCH Summary: Atlanta Downtown Development Authority, Georgia Atlanta; General Obligation Equivalent Security Publication date: 27-Apr-2009 Primary Credit Analyst: John Sugden-Castillo, New York (1) 212-438-1678; john_sugden@standardandpoors.com...

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Atlanta Downtown Development Authority, Georgia Atlanta; General Obligation Equivalent Security" Apr 27, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlanta-Downtown-Development-Authority-Georgia-Atlanta-General-Obligation-Equivalent-Security-717900>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Atlanta Downtown Development Authority, Georgia Atlanta; General Obligation Equivalent Security Apr 27, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlanta-Downtown-Development-Authority-Georgia-Atlanta-General-Obligation-Equivalent-Security-717900>
  
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