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Summary: Shelby County, Tennessee; General Obligation; Liquidity Facility Dec 10

  • ID: 2053037
  • December 2010
  • Region: Tennessee
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Shelby County, Tenn.'s series 2010A general obligation (GO) refunding bonds. In addition, we affirmed our 'AA+' long-term rating and underlying rating (SPUR) on the county's parity GO debt. The outlook on all ratings is stable. The ratings reflect our view of the county's: Location within the Memphis metropolitan statistical area (MSA), which boosts employment opportunities as well as wealth and income indicators; Diverse economic base that is demonstrating growth in several key employment sectors; Strong financial management, including institutionalized policies to support consistent financial results and a demonstrated willingness to monitor the budget. Offsetting factors include our view of the county's elevated carrying charges and moderate debt levels. The...

Companies mentioned in this report are:
- Shelby Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Shelby Cnty

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