[MLT] Summary: Peachtree City/Peachtree City Public Facilities Authority, Georgia; General Obligation; General Obligation Equivalent Security Sep 11
- Language: English
- Published: September 2011
- Region: Georgia
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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Peachtree City,Peachtree City Wtr & Swr Auth