Bredesen, others meeting with credit agencies

NASHVILLE, (AP) — Gov. Phil Bredesen has been meeting with three credit rating agencies this week in New York.

He and members of the State Funding Board had meetings scheduled with Fitch Ratings Ltd., Moody's Investors Service and Standard & Poors to discuss Tennessee's bond rating.

In April, Moody's raised Tennessee's rating from Aa1 to Aaa. Fitch adjusted it from AA+ to AAA. Both are the highest available level.

The higher bond rating means lower interest rates on borrowing.

Bredesen has participated in these meetings every year since 2004.

Copyright 2010 The Associated Press. All rights reserved

s defended it as being necessary to defeat a state income tax once and for all.

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Nashville was founded on Christmas Eve 1779 along the banks of the Cumberland River. Two teams of pioneers set forth from the Carolinas to found the new city. Upon arrival, they immediately began building Fort Nashborough. Amoung the pioneers was Rachel Donelson, daughter of Captain John Donelson, who would later become the wife of President Andrew Jackson.

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Nashville's Athena Parthenos is the largest indoor sculpture in the Western world. She stands an impressive 42 feet high in the temple of the Parthenon.