Standard & Poor's Ratings Services said it raised its rating by one notch, to A-minus, on Hardeman-Fayette Utility District, Tenn.'s gas system revenue bonds. The outlook is stable.

"The upgrade is based on the district's solid financial risk profile, including the maintenance of very strong liquidity," said Standard & Poor's credit analyst Theodore Chapman. The upgrade affects about $2.8 million of gas system revenue bonds.

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.