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Cumberland County, North Carolina; Appropriations; General Obligation Dec 10
Standard & Poors, December 2010
The 'AA' long-term rating assigned to Cumberland County, N.C.'s series 2010A and 2010B limited obligation bonds and the 'AA' ratings on the county's previously issued appropriation-backed debt reflect Standard & Poor's Ratings Services' view of: The general creditworthiness of the county, The county's demonstrated commitment to repaying its appropriation-backed obligations, and The strong state oversight provided by the North Carolina Local Government Commission. The 'AA+' ratings on the county's previously rated general obligation (GO) debt reflects our opinion of: A local economy with a significant military presence that continues to expand as a result of the 2005 Base Realignment and Closure Commission (BRAC) legislation; A growing, diverse tax base with, in our opinion, a strong per capita market value; Strong...
Companies mentioned in this report are: Cumberland Cnty
Action: New Rating
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Research Type: Full Analysis