Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Pigeon Forge, Tenn.'s series 2015 general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA' long-term rating on the city's parity GO bonds, some of which were issued by the Sevier County Public Building Authority. The outlook on all ratings is stable. The rating reflects our opinion of the city's: Weak economy that is somewhat concentrated in tourism; Strong management, with good financial practices and policies in place; Very strong budgetary flexibility; Strong budgetary performance; Very strong liquidity, with strong access to the capital markets; and Very weak debt and contingent liability profile. The city's unlimited ad valorem taxes levied on all property within the
