Gibson County, Tenn., Upgraded to AA-Minus by S&P

Published June 09, 2015, 12:08 p.m. EDT

1 Min Read

Standard & Poor's Ratings Services said it raised its underlying rating to AA-minus from A-plus on Gibson County, Tenn.'s general obligation debt outstanding.

Processing Content

At the same time, Standard & Poor's assigned its AA-minus long-term rating to the county's series 2015 GO bonds. The outlook is stable.

"The upgrade is due primarily to a reduction in the county's unemployment rate and improved economic indicators, as well as a continued trend of strong budgetary performance," said Standard & Poor's credit analyst Lauren Spalten.

For reprint and licensing requests for this article, click here.

MORE FROM BOND BUYER

SEC

SEC issues significant guidance on muni advisors and disclosure

The guidance comes after Dave Sanchez, director of the Office of Municipal Securities, earlier this year signaled a focus by the SEC on whether MAs are fulfilling their duties to clients.

By Kathie O'Donnell

16m ago
Private activity bonds

$1.3B of bonds approved for steel plant project

Despite the approval, ongoing litigation is attempting to stop the incentives to the plant.

By Robert Slavin
Southeast Reporter

28m ago
Budgets

Dallas adopts fiscal 2027 budget with public safety funding boost

The $5.66 billion spending plan for the fiscal year that begins Oct. 1 continues a voter-mandated plan to increase public safety spending.

By Karen Pierog
Senior Reporter

1h ago
News Signals

Cities gearing up for housing reforms

Housing officials in several cities are already laying the groundwork that will enable them to take advantage of the 21st Century Road to Housing Act passed by Congress earlier this year even though funding has not yet been appropriated.

By Scott Sowers

2h ago
Public-private partnership

Pair of ambitious infrastructure projects turn to private investors

The federal infrastructure program would bring a fresh source of revenue for states and railroads.

By Caitlin Devitt

4h ago
MSRB

SEC approves amendments to MSRB dealer supervision rule

"We welcome the SEC's approval of the amendments to Rule G-27 as we continue the ongoing retrospective rule review process and look for ways to provide more flexibility in a changing work environment," MSRB's Ernesto Lanza said.

By Kathie O'Donnell

5h ago

Load More