» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 144 | Thursday, July 25, 2013

Study Shows Tennessee's Debt Ratio Lowest in Nation

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 32 344 10,222
MORTGAGES 52 452 13,327
FORECLOSURE NOTICES 0 76 2,614
BUILDING PERMITS 0 783 24,307
BANKRUPTCIES 60 359 9,892
BUSINESS LICENSES 23 133 3,736
UTILITY CONNECTIONS 76 595 14,558
MARRIAGE LICENSES 23 104 3,167

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.