Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; CP; Note

S&P Global Ratings assigned its 'A-1+' short-term rating on the Metropolitan Government of Nashville and Davidson County (Metro), Tenn.'s series 2021 general obligation (GO) commercial paper (CP) notes, with a maximum balance of $375 million. At the same time, S&P Global Ratings affirmed its 'A-1+' short-term rating on Metro's series 2017 extendible CP program, which transitioned from the series 2014 CP extendible program with a larger authorization amount. The short-term CP rating is based on Nashville's long-term general creditworthiness (AA/Stable), reflecting our view of its self-liquidity and ability to tap capital markets or other means to rollover or take out CP notes or bank notes issued under the revolving credit agreement accompanying the 2021 notes. CP notes issued under the

...S&P Global Ratings assigned its 'A-1+' short-term rating on the Metropolitan Government of Nashville and Davidson County (Metro), Tenn.'s series 2021 general obligation (GO) commercial paper (CP) notes, with a maximum balance of $375 million. At the same time, S&P Global Ratings affirmed its 'A-1+' short-term rating on Metro's series 2017 extendible CP program, which transitioned from the series 2014 CP extendible program with a larger authorization amount. The short-term CP rating is based on Nashville's long-term general creditworthiness (##/Stable), reflecting our view of its self-liquidity and ability to tap capital markets or other means to rollover or take out CP notes or bank notes issued under the revolving credit agreement accompanying the 2021 notes. CP notes issued under the 2021 program constitute bond anticipation notes and are direct GO obligations of Nashville, secured by the government's unlimited ad valorem taxing power. 2021 CP notes may carry a maximum maturity of 270...

Summary