Summary: Peachtree City, GA; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation Mar 05
- ID: 1931306
- March 2005
- Standard & Poors
Standard & Poor's Ratings Services raised its rating to 'AA+' from 'AA' on Peachtree City, Ga.'s GO bonds, based on the additional financial flexibility to be provided by the city's share of Fayette County's special purpose local option sales tax (SPLOST) revenues, along with the city's consistently strong financial position and good management, and the reduced growth pressures resulting as the city approaches full buildout. Additionally, Standard & Poor's assigned its 'AA+' rating to the city's $23.53 million sewer system refunding revenue bonds, series 2005. The rating change affects Peachtree City Water and Sewer Authority's series 2005 system revenue bonds and parity revenue bonds, which carry the city's GO pledge through a sewer system agreement to levy annually ad valorem...
Companies mentioned in this report are: Peachtree City,Peachtree City Wtr & Swr Auth
Action: New Rating
Action: Outlook: Stable
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