Atlanta, Ga.'s series 2007A various purpose GO bonds have been rated 'AA-'. The city of Atlanta's full faith and credit secures the bonds. Proceeds will be used to fund various city capital improvement projects and to fund $4 million of Atlanta Board of Education projects. The rating reflects the 'AA-' rating on the city's GO debt and its: Diversified regional economic base, which is recovering from the national recession, but poised to outpace national growth rate over the next five years; Reserve levels that have declined due to a planned drawdown in 2005 and a change in fiscal year, but that are expected to increase at fiscal year-end 2007; Conservative management practices that include budgeting for 96% of revenue collections
