Summary: Johnston County Finance Corp./Johnston County, North Carolina Johnston County; Appropriations; General Obligation Mar 11
- ID: 2055114
- March 2011
- Region: North Carolina
- Standard & Poors
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
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