The bonds, series 2001A and 2001B, dated Dec. 1, 2001, are dueDec. 1, 2026. Standard & Poor's also affirmed its AA and AAunderlying ratings (SPUR) on the city's outstanding GO debt. Theoutlook is stable, S&P notes in a prepared analysis.
The rating is based on Atlanta's unlimited ad valorem tax pledgeandreflects the Atlanta's diverse economy, which anchors a strongregional economy; the initiation of improved financial policies andcontrols; and a manageable debt burden, according to the S&Panalysis
Metropolitan Atlanta accounts for almost half of Georgia'spopulation. Services and trade are responsible for most of thecity's jobs. Atlanta's employment growth averaged 2.7% a year from1997-2000. The metro area's unemployment rates, however, are higherthan state and national averages.
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