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Outlook On Bledsoe County, TN, Outstanding GO Bd Rtg Revised To Negative; 2010 GO Rfdg Bds Assigned 'A' Rtg Nov 10 Product Image

Outlook On Bledsoe County, TN, Outstanding GO Bd Rtg Revised To Negative; 2010 GO Rfdg Bds Assigned 'A' Rtg Nov 10

  • Published: November 2010
  • Standard & Poors

FEATURED COMPANIES

Abstract
DALLAS (Standard & Poor's) Nov. 1, 2010--Standard & Poor's Ratings Services revised its rating outlook on Bledsoe County, Tenn.'s outstanding general obligation (GO) bonds to negative from stable. "The outlook revision reflects our concerns about the county's uneven financial performance and ability to maintain an unreserved fund balance at levels we believe are commensurate with an 'A' rating," said Standard & Poor's credit analyst Sarah Smaardyk. Standard & Poor's also affirmed its 'A' long-term rating and underlying rating (SPUR) on the bonds. Finally, Standard & Poor's assigned its 'A' long-term rating to the county's series 2010 GO refunding bonds. The ratings reflect our view of the county's: Consistent property tax base growth; and Moderate tax rate, which provides additional revenue...

Companies mentioned in this report are:
- Bledsoe Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Negative

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- Bledsoe Cnty

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