- Published: May 2012
- Region: United States
Summary: Germantown, TN; General Obligation, Local GO Mar 99
- Published: March 1999
- Standard & Poors
The short-term rating on Germantown, Tenn.'s capital appreciation bonds reflects its ability to cover a 60-day put on the issue whenever it is called upon to do so. The rating on Germantown's GO bonds reflects the city's: Location in the deep and diverse Memphis area economy, Strong financial performance, and Moderate debt burden. Germantown is an affluent suburb of Memphis and participates in the strong area economy. The area has become a major distribution and retail center with numerous tourist attractions, and has a growing service sector. Distribution and manufacturing sectors benefit from the city's proximity to the Mississippi River waterways. The nearby Memphis airport is the regional hub for Federal Express and Northwest Airlines. Leading employers include Federal Express...
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