Shelby County Health Education & Housing Facility Board Rhodes College; Joint Criteria; Private Coll/Univ - General Obligation Oct 12
- Language: English
- Published: October 2012
The 'AA+' rating on Shelby County, Tenn.'s GO refunding bonds is based on the county's full faith and credit pledge. The rating also reflects the county's: Diversified and expanding economic base; Strong financial performance and management practices; Moderate overall debt levels; and Significant capital program, coupled with a growing debt burden and high carrying charges. Shelby County, with a population of 897,000, is the center of the diverse Memphis, Tenn. regional economy. The county's location in the southwestern corner of the state, bordering Arkansas and Mississippi, contributes to its importance as a regional economic center. Employment growth has slowed but is projected to level off and remain steady at about 1.2% a year through 2003. Federal Express Corp.'s world headquarters...
Companies mentioned in this report are:
- Shelby Cnty
Action: New Rating
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 >
- Shelby Cnty