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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 This material may not be published, broadcast, rewritten or redistributed.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 55 55 13,385
MORTGAGES 73 73 17,422
FORECLOSURE NOTICES 0 0 3,391
BUILDING PERMITS 180 180 31,110
BANKRUPTCIES 63 63 12,758
BUSINESS LICENSES 11 11 4,608
UTILITY CONNECTIONS 153 153 19,610
MARRIAGE LICENSES 44 44 4,104

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