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Wed July 24, 2013
Study Shows TN Debt Ratio Lowest In Nation
A recent study shows Tennessee's debt ratio is the lowest in the nation. The state comptroller's office says the study was conducted by New York-based Fitch Ratings, one of the country's top bond rating agencies. The agency analyzed debt ratios in all 50 states and concluded that Tennessee's is the lowest.
It uses a metric calculated by combining the state's net tax-supported debt and unfunded pension liabilities, then measuring them against the state's personal income level. Tennessee's ratio of debt and pension liabilities to personal income was 1.8%. According to the study, no other state was below 2.2%. Four were above 20%. Fitch uses the ratios when evaluating states' credit ratings.