Standard & Poor's Ratings Services assigned its 'AA' long-term rating to the Metropolitan Government of Nashville & Davidson County ("Metro"), Tenn.'s $276.29 million series 2010A general obligation improvement and refunding bonds, $252.015 million series 2010B general obligation improvement bonds federally taxable (direct-pay Build America Bonds, or BABs), and $52.14 million series 2010C general obligation refunding bonds (federally taxable). At the same time, Standard & Poor's affirmed its 'AA' long-term and underlying rating (SPUR) on Metro's outstanding GO debt. The outlook is stable. Factors that we believe continue to support the 'AA' ratings include: The Nashville MSA's continued economic soundness, and inherently strong wealth and income indicators; The steps taken by management to control expenditure growth; and The metropolitan government's moderate...
Companies mentioned in this report are:
- Nashville & Davidson Cnty Metro Govt
Action: New Rating
Action: Outlook: Stable
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