Tenn. Gov. Bill Haslam is flying to New York in September to meet with major credit ratings – the same agencies that a few days ago threatened to downgrade Tennessee’s debt if Uncle Sam gets slapped with a downgrade.
It’s part sales job – making the case for why Tennessee deserves to keep its pristine credit rating – and Haslam told Tnreport.com he’s perfectly content to wait until September to make the trip.
If he did it now, it would be in the midst of distracting chaos, he said.
Tennessee holds a Triple-A rating from two of the three major rating agencies and a Double-A rating from the other.
Accompanying Haslam for the New York presentation will be state officials like state Comptroller Justin Wilson, Treasurer David Lillard, Secretary of State Tre Hargett and finance commissioner Mark Emkes, according to Tnreport.com.
Tennessee will be able to sell points like its strong cash reserves and that it’s constitutionally required to maintain a balanced budget.