Standard&Poor's Ratings Services affirmed its 'AA+' long-term rating on the city of Fayetteville, N.C.'s outstanding general obligation (GO) bonds and its 'AA' rating on the city's appropriation-backed debt. The outlook is stable. The city's full faith and credit pledge secures the GO bonds. The rating reflects our assessment of the following factors for the city: We consider Fayetteville's economy to be adequate, with projected per capita effective buying income at 81.5% of the U.S. and per capita market value of $67,050. While these underlying economic indicators are only adequate, the city does benefit from the presence of Fort Bragg as a stabilizing institution for the local economy. Fayetteville, with an estimated 210,500 residents, is in Cumberland County, approximately
