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Summary: Wake County, North Carolina; General Obligation Sep 08 Product Image

Summary: Wake County, North Carolina; General Obligation Sep 08

  • ID: 2043189
  • September 2008
  • Region: North Carolina
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Wake County, N.C.'s series 2008A and 2008B general obligation (GO) public improvement and refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO debt. In our opinion, the rating reflects the county's: Strong regional economic base, which includes the state capital of Raleigh, N.C. and its access to the renowned Research Triangle Park; Diverse and growing property tax base, coupled with a property tax rate that is lower than comparable municipalities; Above-average wealth indicators; Strong financial performance and management with consistently healthy general fund reserves; and Manageable debt burden despite a significant capital improvement plan (CIP). The county's full faith and...

Companies mentioned in this report are:
- Wake Cnty

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

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