- Language: English
- Published: June 2012
- Region: North Carolina
Summary: Durham Cnty, NC; Tax Secured, General Obligation Feb 01
- Published: February 2001
- Standard & Poors
The rating on N.C.'s GO bonds reflects: A very strong and diverse economic base, which is greatly enhanced by the presence of Research Triangle Park; Solid growth in assessed valuations; Sound financial performance highlighted through substantial fund balances; and A moderate debt burden with a rapid amortization schedule. The series 2001 bonds are a GO pledge, secured by the full faith and credit of the county. Bond proceeds will be used to refund outstanding bonds. Durham County is in north-central North Carolina and has a population of about 222,000. The county is a leading center for the healthcare; high-technology; and research and development industries, all of which are boosted by the presence of Research Triangle Park. Other rapidly growing sectors...
Companies mentioned in this report are:
- Durham Cnty
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- Durham Cnty