Report title: New Hanover County, North Carolina; General Obligation
from S&P Credit Research
1855 word report published May 19, 2009

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Abstract: Standard&Poor's Ratings Services assigned its 'AA+' rating to New Hanover County, N.C.'s series 2009 general obligation (GO) school bonds. Standard&Poor's has also affirmed its 'AA+' rating on the county's GO debt outstanding. The outlook is stable. In our opinion the rating reflects: A solid and diverse economic base that is a regional hub, characterized by not only being a tourism and retirement community but also by having a strong manufacturing and institutional base; Continued strong financial performance and management oversight characterized by what we consider to be very strong reserve levels; Strong and steady growth of the diverse tax base, despite a 2007 error in assessment calculation, to more than $33.4 billion estimated in 2009, with

Brief Excerpt: RESEARCH Ratings Definitions New Hanover County, North Carolina; General Obligation Publication date: 19-May-2009 Primary Credit Analyst: Jennifer L Rosso, New York (1) 212-438-7964; jennifer_rosso@standardandpoors.com Secondary Credit...

Report Type: Full Report
Issuer: New Hanover Cnty
Sector: Public Finance
Country: United States
Region: United States
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