Summary: Johnston County, North Carolina; General Obligation Apr 10
- ID: 2055078
- April 2010
- Region: North Carolina
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Johnston County, N.C.'s series 2010A general obligation (GO) refunding bonds and affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's existing GO debt. In our view, the rating reflects: A very strong regional economic base with increased access to the greater Raleigh, N.C. area provided by the recently completed U.S. 70 Clayton Bypass; The institution of programs aimed at attracting and retaining specific employers, facilitating local economic growth; The county's good income levels, evidenced by median household effective buying income that represents 106.8% and 95.9% of state and national levels, respectively; A diverse and growing property tax base with...
Companies mentioned in this report are:
- Johnston Cnty
Action: New Rating
Action: Outlook: Stable
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