| Title: | High Point, NC GO Debt Rating Raised To 'AAA'; Strong Financial Position Cited |
| Price: | $100.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 9, 2008--Standard&Poor's Ratings Services has raised its standard long-term rating and Standard&Poor's underlying rating (SPUR) on High Point, N.C.'s general obligation (GO) debt to 'AAA' from 'AA', reflecting management's proven track record of maintaining a strong financial position through various levels of national and regional economic growth. The outlook is stable. At the same time, the rating service assigned its 'AAA' rating to the city's $13.075 million public improvement bonds series 2008. The rating reflects the city's steady tax-base expansion resulting from ongoing residential and commercial development; strong financial management policies and practices; and moderate debt burden resulting from thoughtful capital planning. The city has long been anchored by the |
| Brief Excerpt: | RESEARCH Ratings Definitions High Point, NC GO Debt Rating Raised To '###'; Strong Financial Position Cited Publication date: ##-May-#### Primary Credit Analyst: Armen Hratchian, New York (#) ###-###-####; armen_hratchian@standardandpoors.com... |
| Word Count: | 619 |
| Issuer: | High Point |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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