- Language: English
- Published: October 2012
- Region: Venezuela
Summary: Kenton, Tennessee; General Obligation May 11
- Published: May 2011
- Region: Tennessee
- Standard & Poors
Standard & Poor's Ratings Services lowered its long-term rating to 'A-' from 'A' on Kenton, Tennessee's general obligation (GO) debt, reflecting our view of the city's four years of declining assessed values (AV) due to the loss of a major taxpayer, coupled with three years of declining unreserved general fund balances. At the same time, Standard & Poor's assigned its 'A-' long-term rating to the city's series 2011 GO school refunding bonds. The outlook on all bonds is stable. The rating reflects our view of the city's limited capital needs, coupled with moderate debt service carrying charges. We believe mitigating rating factors include the city's: Limited economic employment base, which is reflected in its adequate, but below average wealth and...
Companies mentioned in this report are: Kenton
Action: New Rating
Action: Outlook: Stable
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