- Language: English
- Published: December 2011
- Region: North Carolina
Summary: Wake Cnty, NC; Tax Secured, General Obligation Oct 04
- Published: October 2004
- Standard & Poors
The 'AAA' rating on Wake County, N.C.'s GO refunding bonds series 2004 and outstanding GO bonds reflects: The county's strong regional economic base, which includes the state capital and is adjacent to the renowned Research Triangle Park; A diverse and growing tax base coupled with a property tax rate that is lower than comparable municipalities; High wealth levels; Strong financial performance with consistently healthy general fund reserves; and A low debt burden despite a significant capital improvement plan (CIP). The bonds are secured by the county's full faith and credit GO pledge. Bond proceeds will be used to refund series 1996, 1997, and 2000 bonds for net present value savings. Wake County is in north-central North Carolina and is the...
Companies mentioned in this report are:
- Wake Cnty
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 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.
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. SHOW LESS READ MORE >
- Wake Cnty