Standard & Poor's Ratings Services affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on Johnston County, N.C.'s general obligation (GO) debt and its 'AA' long-term rating, with a stable outlook, on Johnston County Finance Corp., N.C.'s appropriation debt, supported by the county. The rating reflects our opinion of the county's: Very strong regional economic base with improved access to the greater Raleigh, N.C. regional economy provided by the recently completed U.S. 70 Clayton Bypass; Institution of programs aimed at attracting and retaining specific employers, facilitating local economic growth; Good income levels, evidenced by median household effective buying income that represents 106.8% and 95.9% of state and national levels, respectively; Diverse and growing property tax base...
Companies mentioned in this report are:
- Johnston Cnty
- Johnston Cnty Fin Corp
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 >