Blount County government has very good credit. County Mayor Jerry Cunningham announced recently that Standard & Poor’s has reviewed the ratings on Blount County’s general obligation debt and has reaffirmed the County’s rating of AA-.
The mayor said Blount County continues to be in the upper echelon of counties and cities in the State of Tennessee in terms of ratings. Taken directly from the Standard & Poor’s rating, the agency said that “Despite a slow down in the regional economy, Blount County’s financial position continues to remain strong.”
Cunningham said he could not be more pleased independent parties assessing the county affirmed what he knew to be true. “Blount County is fiscally sound, and the management of the County’s affairs is second to none,” he said.
Assistant County Mayor and finance director Dave Bennett said he was pleased that Standard & Poor’s assigned Blount County a debt derivative profile overall score of 2, on a scale of 1.0 - 5.0, with 1.0 representing the lowest risk and 5.0 the highest risk.
“We are extremely pleased with this assessment,” Bennett said. “The citizens of this community need to know that we work hard to manage their tax dollars wisely and prudently.”