Summary: Johnston County, North Carolina; General Obligation Sep 09
- ID: 2054789
- September 2009
- Region: North Carolina
- Standard & Poors
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: 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 >