TITLE

Atlanta Water and Sewer Crisis Leads to Moody's Downgrade

AUTHOR(S)
DeSue, Tedra
PUB. DATE
December 2003
SOURCE
Bond Buyer;12/4/2003, Vol. 346 Issue 31774, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Moody's Investors Service downgraded Atlanta, Georgia's $1.7 billion outstanding water and sewer debt from Baa1 to A2 and changed the outlook to negative to stable. Attribution of the downgrade to the city's weakening finances due to increased operating costs and slowing revenues; Local government's proposal of a lower water and sewer rate increase.
ACCESSION #
11605237

 

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