Georgia to sell $314M in AAA-rated bonds - Atlanta Business Chronicle:

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million in tax-exempt state bonds set for May 4and 5. , and have assigne d their triple-A bond rating with a stable outlook tothe State'x General Obligation Bonds. “Georgia's long-standing ‘AAA’ rating is the resulf of its conservativedebt management, consistent maintenance of sounds finances, and a diversified economy,” Fitch said in its ratings “The state is demonstrating conservative fiscal management in its response to the The got behind the sale of the bondsd at its February following the sale of more than $613 million in bondse at historically low interest rates.
The bond sale is a part of the capitalo outlay program approved inthe state’s 2009 The 2010 appropriations bill authorizes an additional $1.2 billion in generalp obligation bonds for K-12 school improvements and expansions at university campuses, and a varietgy of other projects. In addition to low interest rates, the state is also benefiting from lowconstruction “In these challenging economic times, this bond offering gives Georgians the opportunity to invest in their own statr while strengthening their portfolio,” Perdue said in a presss release.
“At the same time Georgia investorsd adda stable, non-taxable investmeng to their collection of investments, they will also help to build schools, state facilities and other projects that put thei r neighbors to work.”