Georgia; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation Sep 05
Standard & Poors, September 2005
Abstract
The 'AAA' rating on the state of Georgia's GO bonds reflects the full faith, credit, and taxing powers of the state. The rating also reflects: The state's fragile economic growth, with economic activity geographically concentrated in the Atlanta metropolitan area, and increased vulnerability during business cycles; A history of making difficult decisions to restore fiscal balance enhanced by strong financial monitoring and oversight; Revenue growth recovery in fiscal 2004 and 2005, with the resulting surplus used to begin restoring reserves; and A low debt burden. The state's employment base is centered in the Atlanta metropolitan area, and, together with a low average cost of living and extensive transportation infrastructure, was a driving factor for the diversified economic growth through fiscal...
Companies mentioned in this report are:
- Georgia
- Georgia State Rd & Tollway Auth
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Georgia
- Georgia State Rd & Tollway Auth
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