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
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