TITLE

Atlanta's MARTA Receives Improved Outlook From Moody's

AUTHOR(S)
DeSue, Tedra
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/1/2004, Vol. 350 Issue 32020, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the Metropolitan Atlanta Rapid Transit Authority (MARTA), Atlanta, Georgia, has been criticized for a lack of financial controls, but improved operations and a rebound in sales tax revenue dedicated to the mass transit system prompted Moody's Investors Service Inc. to change the agency's outlook to stable from negative. Moody's affirmed the A 1 rating it assigns MARTA and assigned its short-term rating of P-1. Standard & Poor's Rating Services assigned its A-1-plus short term rating to the commercial paper.
ACCESSION #
15257661

 

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