Nashville & Davidson County Metropolitan Government, Tennessee; Appropriation, Appropriation; Tax Secured, General Obligation Jun 04
Standard & Poors, June 2004
Abstract
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Nashville and Davidson County Metropolitan Government, Tenn.'s series 2004 GO multipurpose bonds. The rating reflects the county's: Continued economic diversification and expansion; Above-average wealth and income levels; Relatively low property tax rates; and Moderate overall debt levels, coupled with a manageable capital improvement program. The recent trend of general fund drawdowns, which has reduced reserves to adequate levels, is an offsetting credit factor. The metropolitan government's full faith and credit pledge secures the bonds. State government and higher education anchor the state capital of Nashville, Tenn.'s diverse regional economy. The health care and business services, wholesale and retail sales, government, automotive manufacturing, and higher education sectors support...
Companies mentioned in this report are:
- Nashville & Davidson Cnty Metro Govt
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.
Research Type: Full Analysis
- Nashville & Davidson Cnty Metro Govt
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