Shelby County Health Education & Housing Facility Board Rhodes College; Joint Criteria; Private Coll/Univ - General Obligation Oct 12
- Language: English
- Published: October 2012
Standard & Poor's Ratings Services revised its outlook on Shelby County, Tenn.'s GO debt rating to stable from negative based on the county's significantly improved financial performance and position and management's adoption of a strategic financial plan that addresses the county's long-term projected structural budgetary deficit. Standard & Poor's also assigned its 'AA+' rating, and stable outlook, to the county's series 2005A GO refunding bonds. Simultaneously, Standard & Poor's affirmed its 'AA+' standard long-term rating and Standard & Poor's underlying rating (SPUR) on the county's GO debt outstanding. The ratings reflect the county's: Diversified and expanding regional economic base; Moderate overall debt levels; and Substantial capital program, coupled with a growing debt burden and relatively high carrying charges. The county's...
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.
Research Type: Full Analysis
- Shelby Cnty