S&P Credit Research

Title:Summary: Sevier County Public Building Authority, Tennessee Sevier County; General Obligation Equivalent Security
Price:$175.00
Publication Date:May 09, 2008
Report Type:Summary
Abstract:Standard&Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on Sevier County Public Building Authority, Tenn.'s general obligation (GO) debt, issued for Sevier County. The rating reflects the county's: Location in the Knoxville metropolitan statistical area (MSA), as well as its location near Great Smoky Mountains National Park, a destination that has virtually as many visitors as the Grand Canyon, Yosemite, and Yellowstone national parks combined; Steady assessed valuation growth; and Sound financial performance. The rating is constrained by: A tourism-driven local economy that, despite demonstrating stability and resiliency since Sept. 11, 2001, could always have some vulnerability to severe economic cycles and adverse events; and Seasonal employment trends due to a dependence on the tourist industry. The
Brief Excerpt:RESEARCH Ratings Definitions Summary: Sevier County Public Building Authority, Tennessee Sevier County; General Obligation Equivalent Security Publication date: ##-May-#### Primary Credit Analyst: Sarah Smaardyk, Dallas (#) ###-###-####;...
Word Count:1248
Issuer:Sevier Cnty
Sector:Public Finance
Country:United States
Region:United States
Format:HTML HTML
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S&P Credit Research

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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