Wake County, North Carolina; Appropriations; General Obligation Jan 12
Standard & Poors, January 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Wake County, N.C.'s series 2012A general obligation (GO) bonds and 2012B GO refunding bonds and affirmed its 'AAA' GO debt rating, with a stable outlook, on the county's existing GO debt. Standard & Poor's also affirmed its 'AA+' rating, with a stable outlook, on the county's limited obligation debt. The ratings reflect our opinion of the county's: Strong regional economic base, including 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...
Companies mentioned in this report are:
- Wake Cnty
Action: New Rating
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 creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Wake Cnty
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