'AA' Rating Assigned To Nashville & Davidson County Metropolitan Government, TN's GO Refunding Bonds Jan 12
Standard & Poors, January 2012
Abstract
DALLAS (Standard & Poor's) Jan. 19, 2012--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Nashville & Davidson County Metropolitan Government (Metro), Tenn.'s series 2012 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'AA' long-term and underlying rating (SPUR) on Metro's GO debt outstanding. Finally, Standard & Poor's affirmed its 'AA-' SPUR on Metro's series 2002 A distribution energy system revenue bonds. The outlook on all ratings is stable. "The rating reflects our view of Metro's role as a regional economic center with a deep and diverse economic and employment base," said Standard & Poor's credit analyst Sarah Smaardyk. "Further supporting the rating is its moderate overall debt levels, coupled with reasonable...
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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