Knox County Health, Educational, & Housing Facilities Board, Tennessee University Health System Inc.; System Apr 13
- Language: English
- Published: April 2013
- Region: Tennessee
Standard & Poor's Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Knox County, Tenn.'s series 2010D general obligation (GO) bonds. The series 2010D bonds will be sold as Build America Bonds (BABs). In addition, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on the county's parity GO debt. The outlook is stable. In our view, the ratings reflect the county's: Economically strong and stable service area, which serves as an employment anchor for an eight-county area in eastern Tennessee; Steady property tax base growth; Consistently strong financial performance and position; and Increasing, yet moderate, debt burden, coupled with a manageable capital improvement plan (CIP). Knox County's full faith and credit pledge secures the...
Companies mentioned in this report are:
- Knox 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 >
- Knox Cnty