Pickett County, TN GO Rating Raised To #A+# On Improved Unemployment And Income Metrics

Stocks and Financial Services Press Releases Friday July 14, 2017 09:24
CENTENNIAL--14 Jul--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) July 13, 2017--S&P Global Ratings raised its underlying rating (SPUR) to 'A+' from 'A' on Pickett County, Tenn.'s existing general obligation (GO) bonds. The outlook is stable.

"The rating action reflects our opinion of the county's improved economy, reflected by material decrease in the unemployment rate and increased median income and wealth metrics," said S&P Global Ratings credit analyst Joyce Jung. "The rating action also reflects our opinion of the county's improved budgetary flexibility, with an increase in available reserves to a level above what we consider nominally low," Ms. Jung added.

The stable outlook reflects our view that the county's tax base will continue to expand and that the additional revenue will enable the county to maintain its strong budgetary flexibility and strong liquidity. As such, we do not expect to change the rating during our two-year outlook period.


Latest Press Release

Various Rating Actions Taken In Spanish RMBS Transaction Bancaja 10 Following Review

MADRID (S&P Global Ratings) Jan. 17, 2018--S&P Global Ratings today took various credit rating actions in Bancaja 10, Fondo de Titulizacion de Activos. Specifically, we have: - Raised to 'AA+ (sf)' from 'AA- (sf)' our rating on the class A2...

Ratings Assigned To Ten Classes Of Notes Issued By Cadogan Square CLO X

LONDON (S&P Global Ratings) Jan. 17, 2018--S&P Global Ratings today assigned its credit ratings to Cadogan Square CLO X DAC's class A-1, A-2, B-1, B-2, C-1, C-2, D-1, D-2, E, and F notes. At closing, the issuer also issued unrated subordinated...

Mitsui Fudosan Co. Ltd.#s U.S. Dollar-Denominated Unsecured Straight Bonds Rated #A#

TOKYO (S&P Global Ratings) Jan. 17, 2018--S&P Global Ratings today said it has assigned its 'A' rating to Mitsui Fudosan Co. Ltd.'s (A/Stable/A-1) U.S. dollar-denominated unsecured straight bonds. The $300 million bonds of the Japan-based...

GCL New Energy Holdings Ltd. Assigned #BB-# Outlook Proposed Senior Unsecured Bonds Rated #B+#

HONG KONG (S&P Global Ratings) Jan. 17, 2018--S&P Global Ratings today said it has assigned its 'BB-' long-term corporate credit rating to GCL New Energy Holdings Ltd. (GNE). The outlook is stable. We also assigned our 'B+' long-term issue rating...

Photo Release: Seminar for KBank Private Banking customers

Recently, at Siam Kempinski Bangkok, KBank President Predee Daochai (second from left) chaired the opening of "INSIGHT ON THE EMERGING FRONTIER: EMERGING MARKET OUTLOOK 2018" seminar held to provide information on investment directions for KBank Private...

Related Topics