Category Archives: Tennessee credit rating

Fitch raises Tennessee’s credit rating

Fitch Ratings has upgraded Tennessee’s bond credit rating to AAA from AA, Sen. Randy McNally (R- Oak Ridge), chairman of the Senate finance committee, said today.

“This is not an upgrade for Tennessee relative to its peers in state government,” McNally told the Senate. “However, it is a more favorable rating as compared with non-governmental debt issuers, including those in the private sector.”

The rating is an assessment of the credit worthiness of the government’s debt issues.