Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; General Obligation - S&P Global Ratings’ Credit Research

Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; General Obligation

Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; General Obligation - S&P Global Ratings’ Credit Research
Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; General Obligation
Published Dec 21, 2020
9 pages (4596 words) — Published Dec 21, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to the Metropolitan Government of Nashville and Davidson County (Metro), Tenn.'s series 2021A (tax-exempt) and 2021B (taxable) general obligation (GO) refunding bonds. The outlook is stable. The 2021A and 2021B GO bonds, and Nashville's GO bonds outstanding, are secured by its full faith and credit and ability to levy ad valorem property taxes without limitation as to rate or amount. The 2021A bond proceeds will be used to current refund Metro's 2010A and 2010D GO bonds. The 2021B proceeds will be used to advance refund portions of Metro's 2011, 2012, 2013, 2015C, and 2016 GO bonds. The refunding plan achieves debt service savings with no extension of maturity. The 'AA' long-term rating

  
Brief Excerpt:

...S&P Global Ratings assigned its '##' long-term rating to the Metropolitan Government of Nashville and Davidson County (Metro), Tenn.'s series 2021A (tax-exempt) and 2021B (taxable) general obligation (GO) refunding bonds. The outlook is stable. The 2021A and 2021B GO bonds, and Nashville's GO bonds outstanding, are secured by its full faith and credit and ability to levy ad valorem property taxes without limitation as to rate or amount. The 2021A bond proceeds will be used to current refund Metro's 2010A and 2010D GO bonds. The 2021B proceeds will be used to advance refund portions of Metro's 2011, 2012, 2013, 2015C, and 2016 GO bonds. The refunding plan achieves debt service savings with no extension of maturity....

  
Report Type:

Summary

Issuer
Nashville&Davidson County Metropolitan Government
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; General Obligation" Dec 21, 2020. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Government-of-Nashville-and-Davidson-County-Tennessee-General-Obligation-2573636>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Metropolitan Government of Nashville and Davidson County, Tennessee; General Obligation Dec 21, 2020. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Government-of-Nashville-and-Davidson-County-Tennessee-General-Obligation-2573636>
  
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