Raters Shrug Off Tennessee Plans to Target Rainy-Day Fund

DeSue, Tedra
March 2003
Bond Buyer;3/5/2003, Vol. 343 Issue 31586, p4
Trade Publication
Reports on the warning given by Tennessee Governor Phil Bredesen that the state's rainy-day fund will have to be depleted to help do away with a $500 million budget shortfall. Observations made by an analyst at Moody's Investors Service Inc. on state's economic conditions; Tax package passed by the state to address its structural imbalances; Rating given by rating agencies to state debts.


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