TENNESSEE: Slip-Sliding Away

DeSue, Tedra
February 2002
Bond Buyer;2/7/2002, Vol. 339 Issue 31320, p29
Trade Publication
Reports that state comptroller John Morgan has warned legislators that Tennessee could face another decrease in its bond rating if the state do not take action to resolve budget deficits. Reasons why officials are seeking bond insurance after the state sold $160 million of general obligation bonds; Factors responsible for the downgrading of the state by rating agencies; Rating agencies that have downgraded their ratings.


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