T U E S D A Y
161st YEAR • NO. 178 NOVEMBER 24, 2015 CLEVELAND, TN 16 PAGES • 50¢ Bradley County gets ‘AA’ rating by S&P By BRIAN GRAVES Davis said the rating came after “a “Standard and Poor’s rationale for the “They also expressed recognition of flexibility” with an available fund bal- Banner Staff Writer very grueling conference call” with the awarding of this ‘AA’ rating took into strong budgetary performance with an ance in fiscal 2014 of 16 percent of agencies in New York, as well as account many aspects of today’s finan- operating surplus in the general fund,” operating expenditures, a strong debt Bradley County has been assigned an Cumberland Securities financial advi- cial facts,” Davis said. “They explained he said. and contingent liability profile and an “AA” rating by Standard and Poor’s rat- sors. that even in what is considered a weak The mayor has been an avid propo- estimated 71.4 percent of debt sched- ing service. “They did reissue the ‘AA’ rating,” economy there are many aspects that nent for maintaining a good fund bal- uled to be retired in 10 years. Mayor D. Gary Davis announced the Davis said, recalling the county origi- lead to their favorable rating and out- ance and added during his Monday Standard and Poor’s also shows a rating at Monday’s Commission work nally obtained that rating a few years look.” comments, “Those things are very “stable outlook” of the county’s debt session, which contained very little ago. Davis said the assessment included a important.” and contingent liabilities that “is business for commissioners to discuss “We were at A-, then AA-, and then we finding of “strong management with Davis said the assessment showed expected to remain strong even in light during the holiday week. reached AA,” he said. good financial policies.” the county has a “very strong budget of planned debt issuances.” Suspect School is sought systems in robbery in active of Zaxby’s " #%%#&