- Published: May 2012
- Region: United States
Summary: Rutherford County, Tennessee; General Obligation Nov 10
- Published: November 2010
- Region: Tennessee
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Rutherford County, Tenn.'s series 2011 general obligation (GO) refunding bonds. In addition, Standard & Poor's affirmed its 'AA+' long-term rating and Standard & Poor's underlying rating (SPUR) on the county's parity GO debt. The outlook is stable. The ratings reflect our view of the county's: Strong economy and growing service area, and access to the Nashville, Murfreesboro, and Smyrna MSAs; Good wealth and income levels; Steady property tax base growth, coupled with revenue-raising flexibility; Consistently strong financial performance and position; and Increasing, yet moderate, debt burden. Unlimited ad valorem taxes levied on all taxable property within the county secure the bonds. Officials will use bond proceeds to refund existing...
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. SHOW LESS READ MORE >
- Rutherford Cnty