Summary: Claiborne County, Tennessee; General Obligation; General Obligation Equivalent Security; Moral Obligation Apr 10

Standard & Poors, April 2010

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating, and stable outlook, to Claiborne County, Tenn.'s series 2010 general obligation (GO) school bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's existing GO debt. Standard & Poor's also affirmed its 'A+' long-term rating and SPUR, with a stable outlook, on Sevier County Public Building Authority, Tenn.'s and Blount County Public Building Authority, Tenn.'s appropriation debt, supported by the county. These ratings reflect Claiborne County's general creditworthiness as the obligor. In our opinion, the rating reflects the county's: Strong financial performance trend, evidenced by increasing its unreserved fund balance to very strong levels; Diverse and...

Companies mentioned in this report are: Claiborne Cnty,Sevier Cnty Pub Bldg Auth,Blount Cnty Pub Bldg Auth
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.

Claiborne Cnty,Sevier Cnty Pub Bldg Auth,Blount Cnty Pub Bldg Auth

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