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Summary: Raleigh, North Carolina; General Obligation Sep 07
Standard & Poors, September 2007
Standard & Poor's Ratings Services affirmed its 'AAA' rating on Raleigh, N.C.'s GO bonds. The rating reflects the city's: Continually diversifying and expanding economic base, anchored by state government employment and the Research Triangle Park; Solid fiscal performance, resulting in strong reserves, coupled with conservative and proactive management practices; and The maintenance of a manageable overall debt position, coupled with a 10-year capital improvement program, with all funding sources being fully identified. Raleigh is North Carolina's state capital and the county seat of Wake County. The city covers a land area of more than 127 square miles and forms one of the three points of the Research Triangle Park's 7,000 acres. Population has grown 30% from 1990 to 2000, with...
Companies mentioned in this report are: Raleigh
Action: Outlook: Stable
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