The 'AA' standard long-term rating and Standard&Poor's underlying rating (SPUR) on Nashville and Davidson County Metropolitan Government, Tenn.'s GO bonds outstanding reflect the county's: Continued economic diversification and expansion; Above-average wealth and income levels; Relatively low property tax rates; Sound financial performance and improved financial position; and Moderate overall debt levels, coupled with a manageable capital improvement program. Nashville, the state capital, enjoys a diverse regional economy that is 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 and anchors a strong health
