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FULTON COUNTY (GA) $14.4 MILLION GENERAL OBLIGATION BONDS RATED 'AA' BY FITCH -- FITCH FINANCIAL WIRE --

 NEW YORK, March 19 /PRNewswire/ -- Fulton County (GA)'s $11.4 million general obligation refunding bonds, Series 1993A and $3.0 million various purpose general obligation bonds, Series 1993B, are rated `AA' by Fitch. The bonds are scheduled to be offered through negotiation during the week of March 22 by a syndicate led by A.G. Edwards & Sons, Inc. The credit trend is stable.
 Fulton County's very strong credit quality lies in its economic base, which possesses enormous depth and diversity with the City of Atlanta, the state capital and center of a dynamic regional economy, located in the county. Area employment levels, which fell slightly in the recession, have recovered. Stronger than budgeted revenue performance and expenditure controls helped to produce another modest general fund operating surplus last year. Steps taken to contain rising hospital costs and additional operating resources generated have helped stabilize county hospital subsidies. Debt levels are below average to moderate. The county's economic capacity to support its spending requirements and pay debt service is of very high quality.
 -0- 3/19/93
 /CONTACT: Stewart Simon of Fitch, 212-908-0508/


CO: ST: Georgia IN: SU: RTG

SM -- NY021 -- 7838 03/19/93 10:53 EST
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Publication:PR Newswire
Date:Mar 19, 1993
Words:198
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