- Published: May 2012
- Region: United States
Summary: Memphis And Shelby County Port Commission, Tennessee; Appropriations
- Published: May 2011
- Region: Tennessee
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Memphis and Shelby County Port Commission, Tenn.'s series 2011 development revenue bonds, issued for the Electrolux Project. The outlook is stable. The rating is based on the agreement between Memphis, Tenn., ('AA/Stable' general obligation (GO) debt rating) and Shelby County ('AA+/Stable' GO debt rating). The city and county have agreed to support payment of the debt service on an equal basis of: 50% from the city and 50% from the county. The bonds will be issued as tax-exempt bonds in the maximum amount of $44 million with a term of 25 years to produce approximately level debt service. The city and the county each will provide $20 million for...
Companies mentioned in this report are: Memphis & Shelby Cnty Port Comm,Memphis,Shelby Cnty
Action: New Rating
Action: Outlook: Stable
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Memphis & Shelby Cnty Port Comm,Memphis,Shelby Cnty