BRADENTON, Fla. — Just ahead of a planned sale of up to $775 million of general obligation bonds, Moody’s Investors Service has placed the Aa1 rating of Nashville’s consolidated government on watch for possible downgrade, citing the devastating recent floods and tornadoes, among other reasons.

Moody’s negative watch applies to the Metropolitan Government of Nashville and Davidson County’s $1.87 billion of outstanding parity debt. It is based on an already narrow financial position marked by low general fund reserves and potentially significant tax base damage due to the flooding that could further stress the city’s finances, the agency said.

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