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Summary: Wake County, North Carolina; Appropriations; General Obligation Dec 11
Standard & Poors, December 2011
Standard & Poor's Ratings Services affirmed its 'AAA' rating, with a stable outlook, on Wake County, N.C.'s general obligation (GO) debt and its 'AA+' rating, with a stable outlook, on the county's limited-tax GO debt. The ratings reflect our opinion of the county's: Strong regional economic base, which includes the state capital of Raleigh, and its access to the renowned Research Triangle Park; Consistent growth in a diverse property tax base; Strong wealth and income, coupled with unemployment that has historically trended below state and national rates; Stable operations, which are currently facing near-term pressure, aided by, what we consider, historically strong reserves and conservative and well-established fiscal policies; and Manageable debt and capital improvement plan (CIP). The county's full-faith-and-credit...
Companies mentioned in this report are:
- Wake Cnty
Action: Outlook: Stable
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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.
- Wake Cnty