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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 This material may not be published, broadcast, rewritten or redistributed.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 66 378 15,444
MORTGAGES 67 456 20,235
FORECLOSURE NOTICES 12 121 4,007
BUILDING PERMITS 175 1,046 36,888
BANKRUPTCIES 58 290 14,633
BUSINESS LICENSES 16 80 5,209
UTILITY CONNECTIONS 76 388 22,205
MARRIAGE LICENSES 28 111 4,774

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