Fitch Upgrades City of Atlanta’s IDR (Credit Rating) to “AAA”

Fitch Ratings has upgraded the City of Atlanta's Issuer Default Rating (IDR) from AA+ to AAA, marking the highest credit rating in the city's history. This upgrade, along with a Moody’s bond rating of Aa1, enhances Atlanta's attractiveness to businesses, potential homebuyers, and event organizers. Mayor Andre Dickens emphasized that making efficient and ethical governance a priority has been a mission for his administration, resulting in strong fiscal management. CFO Mohamed Balla expressed pride in the city's financial foundation, which positions Atlanta to invest in critical infrastructure and enhance services for residents. The improved ratings reflect the city's commitment to responsible fiscal practices and its capacity to manage financial obligations effectively.

Atlanta's recent recognition as the top city to start a business in 2024 adds to its positive image, supported by low operating costs and a robust talent pool. Furthermore, the city's innovative infrastructure funding, particularly the social bonds from the Series 2022 Infrastructure Bonds, demonstrates its dedication to projects with significant social benefits. This combination of strong credit ratings and strategic investments bodes well for Atlanta's future growth and resilience.