Moody's Investors Service said it has upgraded to Aa3 from A1, the rating on Dickson County, Tenn.'s $52.2 million in previously issued parity debt.
The bonds are general obligation of the county, secured by an unlimited ad valorem tax pledge.
The Aa3 rating reflects the county's improved financial position with ample reserves and liquidity, moderately sized stable tax base characterized by modest wealth, and slightly above average debt burden with rapid payout.
Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
Photos from The Bond Buyer's Texas Public Finance conference.
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
