NASHVILLE, Tenn. (AP) - Tennessee officials say 2 of the agencies that rate government bonds have reaffirmed the state's top credit rating.
The Tennessean reports that Jason Mumpower, a senior aide to state Comptroller Justin Wilson, sent an email to lawmakers Monday afternoon stating that Moody's Investors Service and Fitch Inc. will leave the state's rating at AAA (http://bit.ly/rooPYa).
He said Standard & Poor's has said it plans to rate the state as AA-plus with a positive outlook.
Wall Street agencies had considered downgrading Tennessee's debt because of the state's high dependence on federal spending.
Last month, Republican Gov. Bill Haslam and other finance officials traveled to New York to present plans to deal with federal spending cuts as deep as 30%.
Friday, August 22 2014 2:35 PM EDT2014-08-22 18:35:35 GMT
An investigator says a northern New York couple kidnapped two Amish sisters from their family farm stand with a plan to turn them into slaves but released them after becoming frightened by news reports.More
Life among the Amish in this northern New York community is easing back into a sense of normalcy a week after two young sisters were abducted from their family farm and as more detailed allegations emerge about their day...More