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Old 10-27-2015, 08:06 PM
 
6,479 posts, read 7,169,483 times
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Don't know if this has been posted, but Moody's upgraded MARTA's bond rating. This news could definitely help MARTA make its case for the additional half penny...
Quote:
MARTA’s ever rosier financial outlook has prompted Moody’s Investors Service to give its bond rating a bump.

Moody’s announced Tuesday that it has upgraded the rating on about $2 billion worth of MARTA sales tax revenue bonds.

The upgrade reflects MARTA’s improved governance and operating performance over the past few years, according to the credit rating agency. The upgrade also reflects a recent infusion of Clayton County sales tax revenues and title ad valorem taxes, which will increase revenues for bondholders.

A press release issued by Moody’s said MARTA has a “stable outlook,” which “reflects our expectation of continued efforts by MARTA’s management team to improve the transit system’s finances and operations, as well as our expectation of solid debt service coverage given the recovering service area economy and use of excess sales tax revenues to fund operations.”
Moody’s upgrades MARTA bond ratings | Route 666
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Old 10-27-2015, 08:13 PM
 
32,026 posts, read 36,803,640 times
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Quote:
Originally Posted by fourthwarden View Post
$800 Bil. huh?
So sorry, my bad. He said $800 million, not billion.

I still thought that was a lot.
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Old 10-27-2015, 08:19 PM
 
Location: Prescott, AZ
5,559 posts, read 4,696,314 times
Reputation: 2284
Quote:
Originally Posted by Airforceguy View Post
Don't know if this has been posted, but Moody's upgraded MARTA's bond rating. This news could definitely help MARTA make its case for the additional half penny...

Moody’s upgrades MARTA bond ratings | Route 666
Awesome! More good news coming from the agency!

Quote:
Originally Posted by arjay57 View Post
So sorry, my bad. He said $800 million, not billion.

I still thought that was a lot.
It's all good, just poking fun!
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Old 10-27-2015, 08:25 PM
 
32,026 posts, read 36,803,640 times
Reputation: 13311
Quote:
Originally Posted by fourthwarden View Post
It's all good, just poking fun!
Oh, I know, but it was still a dumb error on my part.
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Old 10-28-2015, 05:38 AM
 
Location: Kirkwood
23,726 posts, read 24,876,648 times
Reputation: 5703
Quote:
Originally Posted by Airforceguy View Post
Don't know if this has been posted, but Moody's upgraded MARTA's bond rating. This news could definitely help MARTA make its case for the additional half penny...

Moody’s upgrades MARTA bond ratings | Route 666
That is a huge improvement and all fall within the Prime-1 ratings. https://en.wikipedia.org/wiki/Moody%...estors_Service
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Old 10-28-2015, 08:00 AM
 
Location: NW Atlanta
6,503 posts, read 6,124,067 times
Reputation: 4463
Quote:
Originally Posted by cqholt View Post
That is a huge improvement and all fall within the Prime-1 ratings. https://en.wikipedia.org/wiki/Moody%...estors_Service
Sounds excellent. More opportunity for MARTA to "steal" money from taxpayers!

/s
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Old 10-28-2015, 08:34 AM
 
Location: Prescott, AZ
5,559 posts, read 4,696,314 times
Reputation: 2284
It'll be interesting to see how this is used as leverage for MARTA lobbying the State to modify the existing TSPLOST laws.

It'll also be interesting to see how this is used in counties like Gwinnett where there is a growing push for the agency to open shop.
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Old 10-28-2015, 01:11 PM
 
Location: Georgia
5,845 posts, read 6,160,424 times
Reputation: 3573
OMG, are some people still beating the TSPLOST-MARTA dead horse?! Wow, time for them to get with the times already.

Quote:
Originally Posted by Airforceguy View Post
Don't know if this has been posted, but Moody's upgraded MARTA's bond rating. This news could definitely help MARTA make its case for the additional half penny...

Moody’s upgrades MARTA bond ratings | Route 666
Excellent.
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Old 10-28-2015, 01:13 PM
 
32,026 posts, read 36,803,640 times
Reputation: 13311
Quote:
Originally Posted by Airforceguy View Post
Mark one up for public transit.

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Old 10-28-2015, 04:29 PM
 
Location: Chicago, IL
332 posts, read 344,512 times
Reputation: 287
Or the state of Georgia could pony up some dedicated funding like oh...say the 48 other states do for their transit systems.

MARTA, been fighting one handed since its inception.
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