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Summary: Atlanta, Georgia; Tax Increment

Published Aug 27, 2013

1594 words — Published Aug 27, 2013

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Abstract:

Standard&Poor's Ratings Services has affirmed its 'A-' long-term rating to the City of Atlanta, Ga.'s series 2005A and 2005B (Eastside project) tax allocation bonds. The outlook is stable. The rating reflects our opinion of: A primarily commercial 890-acre tax allocation district (TAD) located within the eastern side of downtown Atlanta; Strong maximum annual debt service (MADS) coverage of 2.7x based on fiscal 2012 tax increment revenues; Recent stable operating millage rates of the underlying taxing entities; and A strong additional bonds test (ABT), requiring 1.5x MADS coverage based on the previous fiscal year's collected tax increment revenues with no allowances for projected future growth. The rating is offset by what we consider the district's: Weakened local commercial real

Brief Excerpt:

RESEARCH Summary: Atlanta, Georgia; Tax Increment Publication date: 27-Aug-2013 Primary Credit Analyst: Le T Quach, New York (1) 212-438-5544; le.quach@standardandpoors.com Secondary Contact: Andrew R Teras, Boston (1) 617-530-8315;...

Report Type:

Summary

Issuer

Atlanta

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Atlanta, Georgia; Tax Increment" Aug 27, 2013. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlanta-Georgia-Tax-Increment-1183743>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Atlanta, Georgia; Tax Increment Aug 27, 2013. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Atlanta-Georgia-Tax-Increment-1183743>

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