Bond Rating

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Bond Rating

As of March, 2014, the City of Smyrna rating from Standard & Poor's was elevated from AA+ to AAA, the highest rating possible. 

The linked documentation for the Standard & Poor’s bond rating elevation for Smyrna from AA+ to AAA with a stable outlook may be accessed via the listing and links appearing above with the Standard & Poor's rating. This is the highest possible bond rating and is reflective of the financial management of Smyrna. This elevation in rating is based upon revised criteria and the expansion of Smyrna’s economy.

The City of Smyrna’s previous bond rating(s)  (2011) received upgrade to AA+ / AA2 associated with the acquisition of the Hickory Lake apartment complex which is 48 acres - purchased to change the use of the property and make it available for development. The bond rating was upgraded by two rating agencies – S&P rated AA+ and Moody’s rated AA2. Other contributing factors in this earlier bond rating increase were the City’s redevelopment efforts in the downtown area combined with the earlier acquisition of another apartment complex (now known as Smyrna Commons) which helped reduce rental units within the City limits by more than 1,000 units.