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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 This material may not be published, broadcast, rewritten or redistributed.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 64 64 4,515
MORTGAGES 80 80 5,413
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 108 108 9,855
BANKRUPTCIES 56 56 3,523
BUSINESS LICENSES 31 31 1,766
UTILITY CONNECTIONS 76 76 3,859
MARRIAGE LICENSES 27 27 1,051

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