The 'AA' rating on Nashville&Davidson County Metropolitan Government, Tenn.'s GO multi-purpose refunding bonds series 2002 reflects: Continued economic diversification and expansion, Above-average wealth and income levels, Relatively low property tax rates, Sound financial performance and an improved financial position, and Moderate overall debt levels coupled with a manageable capital improvement program. The bonds are secured by the full faith and credit of the metropolitan government. 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&Medical Center, along with 15 other institutions of higher education, provides a significant higher educational base
