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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
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FEATURED COMPANIES

  • Johnston Cnty
  • Johnston Cnty Fin Corp
  • MORE

Abstract
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: Affirmed
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 READ MORE >

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- Johnston Cnty
- Johnston Cnty Fin Corp

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown