ATLANTA-Two of Atlanta’s general obligation bonds, totaling $60.74 million, have received Standard & Poor’s AA rating, reflecting sound fiscal municipal policy.

The bonds, series 2001A and 2001B, dated Dec. 1, 2001, are due Dec. 1, 2026. Standard & Poor’s also affirmed its AA and AA underlying ratings (SPUR) on the city’s outstanding GO debt. The outlook is stable, S&P notes in a prepared analysis.

The rating is based on Atlanta’s unlimited ad valorem tax pledge andreflects the Atlanta’s diverse economy, which anchors a strong regional economy; the initiation of improved financial policies and controls; and a manageable debt burden, according to the S&P analysis

Metropolitan Atlanta accounts for almost half of Georgia’s population. Services and trade are responsible for most of the city’s jobs. Atlanta’s employment growth averaged 2.7% a year from 1997-2000. The metro area’s unemployment rates, however, are higher than state and national averages.

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