Fitch cuts Georgia's Fulton County GO bonds to AA
April 19 (Reuters) - Fitch Ratings on Friday cut unlimited tax general obligation bonds issued by Georgia's Fulton County to AA from AA-plus, affecting about $165.6 million of debt.
The downgrade reflects the county's weakening finances along with the erosion of financial flexibility, the ratings agency said in a statement.
Fitch said the rating outlook remains negative adding that it may cut all of Fulton County's long-term ratings by at least one notch if the county fails to adopt a fiscal 2014 budget without non-recurring measures.
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