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Moody’s upgrades Anderson County’s rating, removes ‘negative outlook’

Posted at 1:25 pm July 16, 2015
By Oak Ridge Today Staff Leave a Comment

Terry Frank

Terry Frank

CLINTON—Moody’s Investors Service announced from New York that they have affirmed the Aa2 General Obligation, or GO, rating of Anderson County and have upgraded Anderson County’s rating by removing the “negative outlook,” officials said.

During bond issuance for rural elementary and rural high school bonds, as well as tax anticipation notes, Moody’s assigned Anderson County an Aa2 “negative outlook” rating in the 2010/2011 budget year, a press release said.

Highlights from Moody’s rating report of July 9, 2015, noted that the company lifted the negative outlook and that “improved financial performance” led to “reserve and liquidity growth,” the release said. [Read more…]

Filed Under: Anderson County, Front Page News, Government Tagged With: Aa2 General Obligation, Aa2 negative outlook, Anderson County, bond issuance, Christopher K. Phillips, financial performance, fund balance, general fund, GO, Moody's, Moody's Investors Service, negative outlook, tax anticipation notes, tax base, Terry Frank

2013 in Review: Accomplishments, improvement, and stability

Posted at 9:52 am January 9, 2014
By Oak Ridge Today Guest Columns Leave a Comment

Terry Frank

Terry Frank

By Anderson County Mayor Terry Frank and Director of Accounts and Budgets Christopher K. Phillips

We have just released our Popular Annual Financial Report for the fiscal year ending June 30, 2013, and we wanted to share a snapshot of our county’s financial health. It’s important to know where we are, not only for the sake of transparency, but because the numbers are important for our future as a community.

As a nation, we’re enduring some challenging economic times, and more than ever, as businesses and industry choose where to locate, they are scrutinizing the financial health and stability of local governments as part of their decision making process. We believe when they look at Anderson County, they’ll like what they see.

Noteworthy accomplishments from 2013: [Read more…]

Filed Under: Guest Columns, Opinion Tagged With: 2013, Anderson County, annual financial report, budget, Christopher K. Phillips, financial health, general fund, Moody's, stability, Standard and Poor's, Terry Frank, year in review

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Classifieds

Public Notice: NNSA announces no significant impact of Y-12 Development Organization operations at Horizon Center

AVAILABILITY OF THE FINAL ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

ADFAC seeks contractors for five homes

Aid to Distressed Families of Appalachian Counties (ADFAC) is a non-profit community based agency, … [Read More...]

Public notice: Draft environmental assessment for Y-12 Development Organization at Horizon Center

AVAILABILITY OF THE DRAFT ENVIRONMENTAL ASSESSMENT FOR THE OFFSITE HOUSING OF THE Y-12 DEVELOPMENT … [Read More...]

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