- Language: English
- Published: February 2012
- Region: Texas
Summary: Marshall County, Tennessee; General Obligation Dec 10
- ID: 1804743
- December 2010
- Region: Tennessee
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Marshall County, Tenn.'s series 2010 general obligation public improvement refunding bonds. The outlook is stable. The rating reflects our view of the county's: Consistent property tax base growth; Good financial reserves; and Limited additional capital plans coupled with rapid amortization of principal. These strengths are somewhat mitigated, in our opinion, by the county's: Limited economic and employment base, as reflected in the area's adequate wealth and income levels; Lack of formalized management practices and long-term financial planning; and High tax rate, which limits revenue raising flexibility. The bonds are secured by unlimited ad valorem taxes levied within the county. Officials indicate they will use bond proceeds to refund the...
Companies mentioned in this report are: Marshall Cnty
Action: New Rating
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >