While cities and municipalities across the county are in heaps of financial trouble
, things are not so bad here in Durham, North Carolina. Earlier this month the city received approval from Standard & Poor's
, the three big credit ratings agencies, to refinance up to $60 million in bonds at an AA+ credit rating. This will save Durham approximately $2.1 million in interest charges on bonds and other loans original made to the city in 1998, 2001 and 2008.
Thanks to the Durham Herald Sun
for this note.
Labels: Durham, economics