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Summary: Durham County, North Carolina; Appropriations; General Obligation Oct 10
Standard & Poors, October 2010
The 'AAA' long-term rating assigned to Durham County, N.C.'s series 2010 general obligation (GO) bonds, series 2010A tax-exempt bonds, series 2010B taxable Build America bonds (BABs), and series 2010C tax-exempt refunding bonds and on the county's previously rated GO debt reflects Standard & Poor's Ratings Services' opinion of the county's: Strong and diverse economic base, enhanced by Research Triangle Park; Substantial property tax base that, albeit at a more modest rate than in recent history, continues to expand and diversify; Maintenance of a strong reserve position through the current economic downtown; and Manageable overall debt position with an above-average amortization schedule. In our view, continued funding pressures for Durham Public Schools, as well as the potential for lagging growth in...
Companies mentioned in this report are: Durham Cnty
Action: New Rating
Action: Outlook: Stable
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