Gov. Bill Haslam in New York for bond ratings presentations

Gov. Bill Haslam in New York for bond ratings presentations

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NASHVILLE (AP) - Gov. Bill Haslam is making his annual case for Tennessee to keep its strong bond rating.

The Republican governor traveled to New York on Wednesday to meet with the three main bond rating agencies, Standard and Poor's, Moody's Investors Service and Fitch Inc.

Haslam told reporters this week that he's been asked to address the impact on the state of the partial shutdown of the federal government along with the effects of previous federal spending cuts.

Federal dollars account for about half of the state's annual $32.8 billion budget.

A Fitch analysis of all 50 states released earlier this year concluded that Tennessee's debt ratio was the lowest in the nation.

Higher bond ratings means lower interest rates on borrowing for the state.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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