MARTA Receives AA+ Bond Rating from Standard & Poor’s

Posted Tuesday, November 14, 2006

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MARTA’s bond rating has been upgraded by the credit rating agency Standard & Poor’s. Based on the Authority’s financial strength and the stability of the region’s sales tax base, MARTA has received an AA+ rating. The upgraded rating will positively impact the sale the Authority’s future bond issues.

 

“This rate increase is a testament to MARTA’s strong financial outlook,” said MARTA’s General Manager Richard McCrillis. “This gives the Authority an even greater opportunity to fund system improvements through its bond issues.”

 

MARTA’s rating was adjusted based on Standard and Poor’s recently revised methodology for evaluating bonds backed by a dedicated tax. MARTA is funded by a dedicated one percent sales tax from the City of Atlanta, DeKalb County and Fulton County.

 

Throughout its history, MARTA has issued bonds in three trust indentures. Credit rating agencies Standard & Poor’s and Moody’s assign a rating to each of the Authority’s bond issues based on an evaluation of credit worthiness. MARTA is currently working to secure an upgraded rating from Moody’s.

 

The table below shows MARTA’s previous ratings and the new revised ratings from Standard & Poor’s.

 

 

 

 

 

First Indenture
 

 

 

Second Indenture
 

 

 

Third Indenture
 

 

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