The credit rating of Atlanta’s airport hasn’t been changed, but the airport’s vulnerability to outside forces may be a factor Wednesday at a special call meeting of the Atlanta City Council.
Tag: Debt
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Innovative financing of Ga. 400 express lanes helps state’s planned $1.1 billion borrowing
Georgia’s routine borrowing of $1.1 billion in July is benefitting from the state’s decision to seek private-sector funding for the express lane megaproject to be built along Ga. 400, according to New York credit analysts.
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New Plant Vogtle credit rating says electricity prices could be higher than forecast
Additional construction delays forecast at Plant Vogtle could cause its customers to face higher electricity rates than currently envisioned, according to three credit rating actions issued Monday by Moody’s Investors Service.
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Georgia’s toll collections down by 70 percent as pandemic cuts commuter travel
Georgia’s toll road system is the only one of eight systems nationwide in which traffic on toll roads has not recovered to levels approaching pre-pandemic levels, and toll collections are off by up to 70 percent, a new report shows.
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Credit downgrades for loans on Mercedes Benz Stadium, State Farm Arena announced Tuesday
Credit downgrades were announced Tuesday on five loans taken out by two governmental entities that used the money to help pay for the Mercedes Benz Stadium and State Farm Arena, according to rating actions issued by Moody’s Investors Service.
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Georgia continues to borrow to build projects, create jobs as state debt remains low
The $1.2 billion Georgia intends to inject into the state’s economy through its long-term investment program is expected to help offset the pandemic-related recession that has cut jobs and hampered company earnings across the state.
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Emory University to borrow $2.1 billion with support from Georgia
Georgia has agreed to issue up to $2.1 billion in bonds on behalf of Emory University. The money is to help fund new construction and refinance existing debt.
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Buckhead baby clothier sells $500 million in notes to secure finances amid pandemic
Carter’s, the Buckhead-based clothier for babies and children, has sold $500 million in senior unsecured notes that are to help the company comply with debt covenants, according to corporate financial reports.
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Puerto Rico says ‘Thanks’ for help after Hurricane Maria with donation of fresh food
Debt-laden Puerto Rico has delivered 16,000 pounds of fresh produce to expatriots and Hispanics who reside in New York City. The donation represents a ‘Thank you’ for help received after Hurricane Maria crippled Puerto Rico.
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Atlanta’s proposed $200 million debt for affordable housing resembles balloon mortgage
Terms of Atlanta’s plan to borrow $200 million to fund affordable housing resemble a balloon loan on a residence – interest-only payments for the first two years, plus a higher interest rate than other types of debt and the ability to stretch the loan out to 50 years to lower the payment due each year.
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Georgia’s pension fund cited in positive light by Moody’s credit analysts
Georgia’s pension fund is highlighted in a positive light in a recent credit rating action by Moody’s Investors Service. Moody’s issued the rating for about $951 million in debt the state plans to sell for purposes including education and election voting systems.
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Federal aid for Hurricane Michael relief knotted up in Puerto Rico’s $72 billion debt
Lost in the debate over federal money to help Georgia residents recover from Hurricane Michael is the issue of the largest government bankruptcy in U.S. history – an estimated $72 billion filing by Puerto Rico, said to be the only, “bankrupt tax haven in the world.”
