July 10, 2018 Direct-pay letter of credit (LOC) State Street Bank&Trust Co. (rating dependency*) U.S. Bank N.A. Morgan Stanley&Co. LLC S&P Global Ratings assigned its 'A-1+' rating to Nashville&Davidson County Metropolitan Government, Tenn.'s series A water and sewer revenue CP notes. The rating reflects our view of the support State Street Bank&Trust Co. provides in the form of an irrevocable direct-pay LOC. The LOC fully supports all CP note payment obligations. The issuer is authorized to issue up to $183 million of series A CP notes. The aggregate amount of CP notes cannot exceed the stated amount of the LOC, and the amounts due on each notes' maturity date are to be
