Tennessee Local Development Authority Debt Rating Lowered To 'AA' On Criteria Application - S&P Global Ratings’ Credit Research

Tennessee Local Development Authority Debt Rating Lowered To 'AA' On Criteria Application

Tennessee Local Development Authority Debt Rating Lowered To 'AA' On Criteria Application - S&P Global Ratings’ Credit Research
Tennessee Local Development Authority Debt Rating Lowered To 'AA' On Criteria Application
Published Oct 01, 2019
2 pages (1284 words) — Published Oct 01, 2019
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Abstract:

FARMERS BRANCH (S&P Global Ratings) Oct. 1, 2019--S&P Global Ratings lowered its rating to 'AA' from 'AA+' on the Tennessee Local Development Authority's bonds outstanding and removed the rating from CreditWatch with negative implications, where it was placed it on May 28, 2019. The outlook is stable. "The downgrade reflects our assessment of the bonds based on the application of our 'Issue Credit Ratings Linked To U.S. Public Finance Obligors? Creditworthiness' criteria," said S&P Global Ratings credit analyst Oscar Padilla. The criteria were published Jan. 22, 2018, on RatingsDirect. The bonds had been placed on CreditWatch reflecting, in part, a decline in the number of participants below ten in the pool as the program has wound down. A further decline

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Issuer
Tennessee Local Dev Auth
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tennessee Local Development Authority Debt Rating Lowered To 'AA' On Criteria Application" Oct 01, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Tennessee-Local-Development-Authority-Debt-Rating-Lowered-To-AA-On-Criteria-Application-2310051>
  
APA:
S&P Global Ratings’ Credit Research. (). Tennessee Local Development Authority Debt Rating Lowered To 'AA' On Criteria Application Oct 01, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Tennessee-Local-Development-Authority-Debt-Rating-Lowered-To-AA-On-Criteria-Application-2310051>
  
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