Standard & Poor’s upgraded the underlying rating it assigns Cleveland to A-plus from A. The action applies to the Tennessee city’s general obligation debt, and is based on a historically very strong financial position and continued economic expansion, according to the ratings report.

At the same time, Standard & Poor’s assigned an A-plus underlying rating to Cleveland’s existing GO debt issued by the Blount County Public Building Authority and the Sevier County Public Building Authority.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.