As a result of the inaccurate and misleading headline in this morning’s edition of the Atlanta Constitution, there appears to be some confusion on how the City of Atlanta’s bond ratings has been impacted by the recent actions of Fitch Ratings and Moody’s Investors Service.

The lowered bond ratings imposed by both Fitch and Moody’s apply ONLY to the City’s Water and Sewer System Revenue Bonds. The ratings of the City’s Airport Revenue Bonds (rated A1 by Moody’s), and General Obligation Bonds (rated Aa3 by Moody’s), have not been affected.

The "City's credit" is not "on the ropes". The City’s general fund and the airport fund budgets are balanced, with more than adequate reserves; only the City’s Water and Sewer System Revenue Bonds have been impacted.

We ask you to make that distinction in your stories, as the incorrect information can negatively impact the city.

Thank you for your cooperation in advance.

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