Tennessee Completes Sale Of More Than 125 Million Dollars In Bonds At Low Interest Rates

Tennessee is just one of thirteen states with a AAA credit rating from all three major credit rating agencies.Tennessee has just completed the sale of approximately 128 million dollars of general obligation bonds, at some of the lowest interest rates in years. Investors recognizing Tennessee’s low debt rating and strong history of balanced budgeting responding by paying 20 million dollars in premium to acquire the Tennessee bonds. The money generated from the sale will go to fund new capital projects like renovations and repairs to state office and higher education buildings. Tennessee is just one of thirteen states with a AAA credit rating from all three major credit rating agencies.