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Topic: Tennessee Supreme Court Building

State of Tennessee Completes Record Bond Sale

 

The Seal of the State of TennesseeNashville, TN – The State of Tennessee entered the capital markets and sold $546,655,000 worth of bonds this week – the largest sale in the state’s history. Demand for the state’s bonds was high among investors, a reflection of the state’s strong credit ratings.

Earlier this month, Fitch and Moody’s Investor Services, two of the country’s major bond rating agencies, reaffirmed the state’s AAA credit rating, which is the highest available. Standard and Poor’s, the third major rating agency, reaffirmed the state’s AA+ rating, which is the second highest rating available.  The state’s high ratings reflect its debt level, which is one of the lowest in the country. «Read the rest of this article»

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