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Summary: Greensboro, North Carolina; Appropriations; General Obligation Jan 12

  • ID: 2040841
  • January 2012
  • Region: North Carolina
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to Greensboro, N.C.'s series 2012A general obligation (GO) public improvement bonds and affirmed its 'AAA' long-term rating on the city's existing GO debt. Standard & Poor's also affirmed its 'AA+' long-term rating on Greensboro's certificates of participation (COPs). The outlook on all the ratings is stable. The 'AAA' rating reflects our opinion of the city's: Diverse and growing economy, anchored in the Piedmont Triad area; Strong financial performance and position; and Moderate debt burden with manageable capital needs. The city's faith and credit GO pledge secures the bonds. Officials plan to use bond proceeds to redeem outstanding bond anticipation notes (BANs) issued to finance the Greensboro Aquatic Center; and...

Companies mentioned in this report are:
- Greensboro

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

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- Greensboro

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