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Summary: Rutherford County, Tennessee; General Obligation May 09
Standard & Poors, May 2009
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Rutherford County, Tenn.'s series 2009 general obligation (GO) bonds. At the same time, Standard & Poor's assigned its 'SP-1+' short-term rating to the county's capital outlay note series 2009. In addition, Standard & Poor's Ratings Services affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's parity GO debt. In our view, the short-term rating reflects the county's: Historically strong market access; GO pledge ('AA+' long-term GO debt rating); and Overall credit strength. In our opinion, the long-term ratings reflect the county's: Economically strong and growing service area, with access to the Nashville, Murfreesboro, and Smyrna metropolitan statistical areas; Good...
Companies mentioned in this report are:
- Rutherford Cnty
Action: New Rating
Action: Outlook: Stable
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.
- Rutherford Cnty