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Summary: Campbell County, Tennessee; General Obligation; General Obligation Equivalent Security Feb 13 Product Image

Summary: Campbell County, Tennessee; General Obligation; General Obligation Equivalent Security Feb 13

  • Published: February 2013
  • Region: Tennessee
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Campbell County, Tenn.'s series 2013 general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'A+' long-term and underlying rating (SPUR) on the county's outstanding GO bonds. The outlook is stable. The rating reflects our view of the county's: Access to the strong Oak Ridge metropolitan statistical area economy; Very strong financial operations, coupled with four years of very strong reserves; and Limited additional capital needs. The rating is constrained by our view of the county's: Below average wealth and income levels, in part, due to the county's shallow local economy; and Elevated carrying charges, coupled with below average amortization of principal. An unlimited ad-valorem tax...

Companies mentioned in this report are:
- Campbell Cnty

Action: Affirmed
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 READ MORE >

- Campbell Cnty

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