Fulton County, GA Various Debt Ratings Affirmed And Removed From CreditWatch

Stocks and Financial Services Press Releases Tuesday February 13, 2018 09:11
CENTENNIAL--13 Feb--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) Feb. 12, 2018--S&P Global Ratings affirmed its 'AA+' long-term rating on Fulton County, Ga.'s general obligation (GO) debt. Additionally, we affirmed our 'AA+' long-term rating on the Atlanta and Fulton County Recreation Authority's series 2007A (zoo project) bonds and the Fulton-DeKalb Hospital Authority's (FDHA) taxable refunding revenue certificates (supported by the county). Finally, we affirmed our 'AA' long-term rating on the county's appropriation-backed obligations issued by the Fulton County Facilities Corp. We have removed the ratings from CreditWatch, where they were placed with negative implications on Nov. 15, 2017. The outlook is stable.

"The CreditWatch removal reflects our view of the resolution of unexpected liquidity issues following the Georgia Department of Revenue's rejection of Fulton County's 2017 property tax digest in October 2017 and the resulting delay in the county's ability to bill and collect property taxes," said S&P Global Ratings credit analyst Randy Layman.

The 'AA+' rating reflects our view of such factors as the county's very strong economy, budgetary flexibility, and liquidity.

The stable outlook reflects our opinion of the county's very strong local economy and flexibility and liquidity positions. Given these factors, we do not expect to change the ratings within the two-year outlook horizon.


Latest Press Release

FSS Launches a Risk-Based Authentication Solution to Bolster Security For Digital Transactions

FSS (Financial Software and Systems), a global payments technology company, has launched FSS Secure3D, its new-generation adaptive authentication solution based on the EMVCo 3DS 2.0 protocol. Globally, across regions, banks need to implement 3DS2.0...

PwC: Assets under management in Asia Pacific to rise to USD29.6 trillion by 2025, faster than any other region

The Asia Pacific (APAC) asset and wealth management industry is expected to be the centre for global Assets under management (AuM) growth in the coming years. According to the PwC report 'Asset and Wealth Management 2025: The Asia Awakening', APAC AuM...

OnMiners Mining Rigs Offering Market#s Fastest ROI

OnMiners S.A (http://www.onminers.com) is quickly making a strong impact in the crypto mining industry by offering the market's fastest return on investment. The company recently hit the headlines by introducing three multi-algorithm mining rigs that...

The Mall Groups Department Stores partner with SCB to offer sizzling promotions with a chance to win RIMOWA luggage

The Mall, Emporium, EmQuartier and Paragon Department Stores joined forces with SCB to hold "Made in Summer" campaign from today to 17 April 2019 to delight shoppers with superb promotions: shop to receive coupons with up to 40% discount; a chance to win...

Bangkok Bank InnoHub Season 2 showcases innovative technologies from eight finalists at Demo Day 2019

Bangkok Bank InnoHub, the first global FinTech accelerator in Thailand, has showcased innovations and real-use cases from the program's eight finalists to the public, potential investors and others in Thailand's innovation ecosystem on Demo Day. The...

Related Topics