Standard&Poor's Ratings Services revised its outlook on the 'AA' long-term rating and underlying rating (SPUR) on Nashville&Davidson County Metropolitan Government, Tenn.'s general obligation (GO) debt to stable from negative based on its opinion that while overall reserves are still somewhat thin for the rating level, management has taken a number of measures to reverse recent declines and control expenditure growth. Standard&Poor's also affirmed its 'AA' standard long-term rating and SPUR on the metropolitan government's GO debt. We believe management will still face challenges maintaining its structurally balanced budgets due mainly to its financial support of the affiliated hospital authority; in our opinion, however, actions taken by management since 2008 indicate the likelihood of financial
