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VOL. 127 | NO. 208 | Wednesday, October 24, 2012

Haslam Optimistic About State's Credit Rating

AP

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NASHVILLE, Tenn. (AP) — Gov. Bill Haslam said meetings with three credit agencies this week went well and he is optimistic about the outcomes.

Tennessee currently has triple-A credit ratings from Moody's Investors Service and Fitch Inc. and a double-A-plus rating from Standard and Poor's.

Haslam said in a conference call Tuesday from New York City that credit agency officials were impressed by the state's low per-capita debt and revenue that has exceeded expectations.

He said officials wanted to know how threatened federal cuts would affect the state.

Department of Finance and Administration Commissioner Mark Emkes said the state could lose about $40 million for education and more in indirect federal spending.

However, Haslam said that Tennessee officials feel the state is in a good position to weather cuts compared to other states.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 52 136 5,209
MORTGAGES 79 182 6,891
FORECLOSURE NOTICES 13 50 1,606
BUILDING PERMITS 328 328 12,307
BANKRUPTCIES 70 175 5,475
BUSINESS LICENSES 30 58 2,119
UTILITY CONNECTIONS 85 182 7,240
MARRIAGE LICENSES 19 43 1,501

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