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VOL. 128 | NO. 144 | Thursday, July 25, 2013

Study Shows Tennessee's Debt Ratio Lowest in Nation

AP

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NASHVILLE (AP) – A recent study shows Tennessee's debt ratio is the lowest in the nation.

The state comptroller's office said in a release this week that the study was conducted by New York-based Fitch Ratings, one of the country's top bond rating agencies.

The agency analyzed debt ratios in all 50 states and concluded that Tennessee's ratio is the lowest.

It uses a metric that is calculated by combining the state's net tax-supported debt and unfunded pension liabilities then measuring them against the state's personal income level.

Tennessee's ratio of debt and pension liabilities to personal income was 1.8 percent.

According to the study, no other state had a ratio below 2.2 percent and four states had ratios above 20 percent.

Fitch uses the debt ratios when evaluating states' credit ratings.

Copyright 2013 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 This material may not be published, broadcast, rewritten or redistributed.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 85 354 12,626
MORTGAGES 113 438 16,470
FORECLOSURE NOTICES 21 98 3,290
BUILDING PERMITS 358 918 27,694
BANKRUPTCIES 55 276 10,490
BUSINESS LICENSES 18 120 4,204
UTILITY CONNECTIONS 78 429 16,350
MARRIAGE LICENSES 26 125 3,691

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