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Prospect News home > News index > List of issuers G > Headlines for Georgia State Road and Tollway Authority > News item |
S&P gives AA- to Georgia highway bonds
Standard & Poor's said it assigned an AA- rating and stable outlook to the Georgia State Road and Tollway Authority's $40 million of series 2008 federal highway grant anticipation revenue bonds (direct Garvee bonds) and $120 million of federal highway reimbursement revenue bonds (indirect Garvee bonds).
At the same time, S&P said it affirmed the AA- rating on the state's series 2006 Garvee bonds.
The outlook is stable.
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