S&P Global Ratings assigned its'AA'rating to Pigeon Forge , Tennessee's anticipated $10 million series 2026 general obligation (GO) bonds. In addition, S&P Global Ratings affirmed its'AA'rating on Pigeon Forge's GO debt outstanding. The outlook is stable. The city's full faith and credit, including its unlimited ad valorem taxing powers to repay debt service, secure its GO debt. The series 2026 bonds are the first issuance under a $45 million bonding authorization to fund improvements to city infrastructure and municipal buildings. The city will apply series 2026 bond proceeds to fund construction costs of a new city hall. Pigeon Forge's credit profile reflects its concentrated but growing tourism-based economy, extremely strong reserves and liquidity, and good financial
