|
|
 |
|
Viewing report
|
|
|
|
Bledsoe County, TN's GO Debt Raised To 'A' On Improving Financial Position And Limited Capital Needs Apr 09
Standard & Poors, April 2009
Abstract
DALLAS (Standard & Poor's) April 30, 2009--Standard & Poor's Ratings Services raised its long-term rating on Bledsoe County, Tenn.'s existing parity general obligation (GO) debt to 'A' from 'A-'due to the county's improving financial position and limited capital needs. In addition, Standard & Poor's assigned its 'A' long-term rating, and stable outlook, to Bledsoe's series 2009 GO bonds. In our view, the 'A' long-term rating reflects the county's increasing unreserved general fund balance, a low tax rate providing revenue-raising flexibility, and limited capital needs. The rating is constrained by a below average amortization schedule; and adequate, although below average wealth and income levels. The bonds are secured by an unlimited ad valorem taxes levied within the county. Officials will use...
Companies mentioned in this report are: Bledsoe Cnty
Action: New Rating
Action: Outlook: Stable
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
