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
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