Tennessee Bond Rating to be Lowered

Jul 20, 2011 at 06:22 am by bryan


We all know how important it is to keep a good credit score, now Tennessee knows too. New York based Moody’s Investors made the announcement on Tuesday that it will review the AAA bond rating status of Tennessee. This is in direct result of congressmen failing to come to an agreement over raising the debt ceiling. Tennessee and four other states will find out soon that their bond rating will go from a 7 to a 10. Bond ratings affect a states borrowing power.  Bonds help states with multiple projects annually. 

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