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Summary: Fairbanks-North Star Boro, AK; General Obligation, Local GO Mar 99 Product Image

Summary: Fairbanks-North Star Boro, AK; General Obligation, Local GO Mar 99

  • ID: 2024769
  • March 1999
  • Standard & Poors

FEATURED COMPANIES

  • Fairbanks-North Star Boro
  • MORE

Abstract
The rating on Fairbanks-North Star Borough, Alaska's bonds reflects the borough's full faith and credit GO pledge to pay bond debt service. The credit strengths include: * A stable economy anchored by the University of Alaska at Fairbanks and two military bases, * Good assessed valuation (AV) growth, and * Solid financial performance with low overall debt. Offsetting these strengths is the borough's concentrated tax base, with the top 10 taxpayers comprising 20.7% of total AV. The borough (population 83,930) is located in central Alaska and spans 7,361 square miles. Approximately 40% of the borough's population resides in the cities of Fairbanks and North Pole. As the service center for the interior and Northern Alaskan region, the borough's economy is...

Companies mentioned in this report are:
- Fairbanks-North Star Boro

Action: New Rating

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