Orange County, NC's Ability To Address Capital Needs, Sound Operations, And Strong Finances Lift GO Debt Rating To 'AAA' - S&P Global Ratings’ Credit Research

Orange County, NC's Ability To Address Capital Needs, Sound Operations, And Strong Finances Lift GO Debt Rating To 'AAA'

Orange County, NC's Ability To Address Capital Needs, Sound Operations, And Strong Finances Lift GO Debt Rating To 'AAA' - S&P Global Ratings’ Credit Research
Orange County, NC's Ability To Address Capital Needs, Sound Operations, And Strong Finances Lift GO Debt Rating To 'AAA'
Published Nov 30, 2012
Published Nov 30, 2012
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (Standard&Poor's) Nov. 30, 2012--Standard&Poor's Ratings Services raised its rating on Orange County, N.C.'s general obligation (GO) debt one notch to 'AAA' from 'AA+'. The outlook is stable. At the same time, Standard&Poor's raised its rating on the county's appropriation-backed debt one notch to 'AA+' from 'AA'. The outlook is stable. The upgrade reflects Standard&Poor's assessment of the county's ability to address its capital needs while consistently maintaining, what Standard&Poor's considers, sound operations and strong finances. The rating service also assigned its 'AAA' rating and stable outlook to the county's $13.7 million series 2012 GO refunding bonds. "We believe the strength and stability of the local economy will likely

  
Report Type:

Ratings Action

Issuer
Orange Cnty
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Orange County, NC's Ability To Address Capital Needs, Sound Operations, And Strong Finances Lift GO Debt Rating To 'AAA'" Nov 30, 2012. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Orange-County-NC-s-Ability-To-Address-Capital-Needs-Sound-Operations-And-Strong-Finances-Lift-GO-Debt-Rating-To-AAA-1043346>
  
APA:
S&P Global Ratings’ Credit Research. (). Orange County, NC's Ability To Address Capital Needs, Sound Operations, And Strong Finances Lift GO Debt Rating To 'AAA' Nov 30, 2012. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Orange-County-NC-s-Ability-To-Address-Capital-Needs-Sound-Operations-And-Strong-Finances-Lift-GO-Debt-Rating-To-AAA-1043346>
  
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