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

Standard & Poors, December 2010

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

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.

Shelby Cnty

Customers who bought this item also bought

• Library Use of eBooks, 2013 Edition
• County Directory
• Survey of Public Library Efforts to Provide Job Information Resources
• Redesigning the Public Library Building
• 2009 Public Sector - UK Key Corporate Changes
• The Survey of Library Public Relations Practices
• US Directory Suite: Federal, Federal Regional, State, County and Municipal Directories
• Government Investment Pools Report
• Adolescent Emotions: Development, Morality, and Adaptation. New Directions for Youth Development, Number 136. J-B MHS Single Issue Mental Health Services
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013