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Summary: Wake County, North Carolina; Appropriations; General Obligation; Tender Option Certificates/Bonds Mar 11
Standard & Poors, March 2011
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Wake County, N.C.'s series 2011 general obligation (GO) bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO bonds. The rating reflects our view of the county's: Strong regional economic base, including the state capital of Raleigh, N.C., and its access to the renowned Research Triangle Park; Consistent growth in a diverse property tax base; Strong wealth and income indicators, coupled with unemployment that has historically trended below state and national rates; Stable financial operations, which are currently facing near-term pressures, aided by historically strong reserves and conservative and well-established fiscal policies; and Manageable debt burden and capital improvement plan (CIP). The...
Companies mentioned in this report are:
- Wake Cnty
Action: New Rating
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