Sumner County earns "AA+" rating from Standard & Poor's
Standard & Poor’s Ratings Services has assigned its “AA+” rating to Sumner County’s series 2011 general obligation (GO) refunding bonds. At the same time, Standard & Poor’s affirmed its “AA+” long-term rating on the county’s series 2010 GO bonds. The outlook is stable.
The rating reflects Standard & Poor’s view of the county’s:
· Own deep and diverse economic base, as well as its participation in the Nashville MSA;
· Very strong financial position, further supported by good financial management practices that will likely lead to high and sustainable reserve levels; and
· Low overall net debt burden, coupled with rapid GO debt amortization.