The 'AA' rating on Nashville and Davidson County Metropolitan Government, Tenn.'s GO refunding bonds reflects: Continued economic diversification and expansion; Above-average wealth and income levels; Relatively low tax rates; Sound financial performance and an improved financial position; and Moderate debt levels, coupled with a manageable capital improvement program. Nashville and Davidson County Metropolitan Government's full faith and credit pledge secures the bonds. Nashville, the state capital, enjoys a diverse regional economy anchored by state government and higher education. Employment is diversified in health and business services, wholesale and retail sales, government, automotive manufacturing, and higher education. Vanderbilt University and Medical Center, along with 15 other institutions of higher education, provides a significant higher educational base and anchors a strong health
