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Summary: Knox County, Tennessee; General Obligation; General Obligation Equivalent Security Nov 10

  • ID: 2047454
  • November 2010
  • Region: Tennessee
  • Standard & Poors
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Abstract
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: 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, READ MORE >

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- Knox Cnty

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