'AA' Rating Assigned To Nashville & Davidson County Metropolitan Government, TN's $200.665 Million GO Refunding Bonds Jul 11
Standard & Poors, July 2011
Abstract
DALLAS (Standard & Poor's) July 12, 2011-- Standard & Poor's Ratings Services assigned its 'AA' long-term rating to the Nashville & Davidson County Metropolitan Government (Metro), Tenn.'s $200.665 million series 2011 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term and underlying rating (SPUR) on Metro's outstanding GO debt. Finally, Standard & Poor's affirmed its 'AA-' SPUR on Metro's outstanding energy system revenue bonds. The outlook on all bonds is stable. "The rating reflects our view of Metro's role as a regional economic center with moderate overall debt levels," said Standard & Poor's credit analyst Sarah Smaardyk. Officials plan to use bond proceeds to refund some outstanding bonds for a 9% estimated net...
Companies mentioned in this report are:
- Nashville & Davidson Cnty Metro Govt
Action: Affirmed
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Nashville & Davidson Cnty Metro Govt
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