Reuters logo
Fitch cuts Georgia's Fulton County GO bonds to AA
April 19, 2013 / 9:16 PM / 4 years ago

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below