Summary: Claiborne County, Tennessee; General Obligation; General Obligation Equivalent Security; Moral Obligation Jul 12
- ID: 2169812
- July 2012
- Region: Tennessee
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to Claiborne County, Tenn.'s series 2012 general obligation (GO) refunding bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on the county's existing GO debt. Standard & Poor's also affirmed its 'A+' long-term rating and SPUR on Blount County Public Building Authority, Tenn.'s appropriation debt, supported by the county. These ratings reflect Claiborne County's general creditworthiness as the obligor. The outlook on all the ratings is stable. The rating reflects our opinion of the county's: Strong position, demonstrated by increasing its unassigned general fund balance to very strong levels; Property tax base that has begun to expand again after two years...
Companies mentioned in this report are: Claiborne Cnty,Sevier Cnty Pub Bldg Auth,Blount Cnty Pub Bldg Auth
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.
SHOW LESS READ MORE >