Summary: Johnston County, North Carolina; General Obligation Sep 09

  • ID: 2054789
  • September 2009
  • Region: North Carolina
  • Standard & Poors
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In Standard & Poor's Ratings Services' opinion, the 'AA+' long-term rating assigned to Johnston County, N.C.'s series 2009C general obligation (GO) bonds and the 'AA+' long-term rating and underlying rating (SPUR) on the county's previously issued GO debt reflect the county's: Very strong regional economic base and expanding local economy, with increased access to the greater Raleigh area provided by the recent completion of the U.S. 70 Clayton Bypass; Institution of programs aimed at attracting and retaining specific employers, facilitating future local economic growth; Good income levels, as evidenced by median household effective buying income that represents 106.8% and 95.9% of state and national levels, respectively; Diverse and growing tax base, with strong per capita property wealth indicators; Strong and...

Companies mentioned in this report are:
- Johnston Cnty

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

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- Johnston Cnty

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