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S&P Credit Research1654 word report
published Nov 03, 2009
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Maryville, Tenn.'s series 2009-B general obligation (GO) refunding bonds, and series 2009-B taxable GO refunding bonds. At the same time, Standard&Poor's affirmed its 'AA-' underlying rating (SPUR) and 'AA-' long-term rating on the city's parity GO debt. In our view, the rating reflects the city's: Participation in the deep and diverse Knoxville metropolitan statistical area, providing stability to the employment base and boosting wealth and income indicators; Strong reserve levels, supported by new management's implementation of a number of conservative financial policies; and Limited additional capital needs, despite steady growth. Factors that moderate these strengths include: Elevated debt levels with a backloaded, extended maturity
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Maryville, Tennessee; General Obligation; General Obligation Equivalent Security Publication date: 03-Nov-2009 Primary Credit Analyst: Scott Sagen, New York (212) 438-5126; scott_sagen@standardandpoors.com...
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| Report Type: | Summary
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| Issuer: | Maryville
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| Sector: | Global Issuers, Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Maryville, Tennessee; General Obligation; General Obligation Equivalent Security $400.00
Standard&Poor's Ratings Services assigned its 'AA-' long term rating, and stable outlook, to Maryville, Tenn.'s series 2009 general obligation (GO) refunding bonds. At the same time, Standard&Poor's affirmed its 'AA-' underlying rating (SPUR) ...
- Summary: Maryville, Tennessee; General Obligation; General Obligation Equivalent Security $175.00
Standard&Poor's Ratings Services assigned its 'AA-' long term rating, and stable outlook, to Maryville, Tenn.'s series 2009 general obligation (GO) refunding bonds. At the same time, Standard&Poor's affirmed its 'AA-' underlying rating (SPUR) ...
- Summary: Maryville, Tennessee; General Obligation; General Obligation Equivalent Security $175.00
Standard&Poor's Ratings Services assigned its 'AA-' rating to Maryville, Tenn.'s series 2008C general obligation (GO) refunding bonds. Additional factors that support the rating include: The city's participation in the deep and diverse Knoxville ...
- Summary: Maryville, Tennessee; General Obligation; General Obligation Equivalent Security $175.00
Standard&Poor's Ratings Services assigned its 'AA-' rating to Maryville, Tenn.'s series 2008A and 2008B water and sewer revenue and tax bonds. The bonds are secured by a subordinate-lien pledge on the net revenues of the city's waterworks and ...
