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Summary: Rutherford County, Tennessee; General Obligation Nov 10

  • ID: 2041860
  • November 2010
  • Region: Tennessee
  • Standard & Poors
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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: 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 READ MORE >

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- Rutherford Cnty

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