Summary: Johnston County, North Carolina; General Obligation Apr 10

  • ID: 2055078
  • April 2010
  • Region: North Carolina
  • Standard & Poors
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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: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Johnston Cnty

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