Orange County NC Website
Peer Comparative Introduction <br />Peer Comparative Introduction <br />• The County currently has general obligation (issuer) credit ratings of <br />Aa1 from Moody's Investors Service, AAA from Standard and Poor's <br />and AAA from Fitch Ratings. <br />• The following pages contain peer comparatives based on specific <br />Moody's rating categories. <br />— National Counties <br />— Aaa 82 Credits <br />— Aa 1 106 Credits <br />— North Carolina Counties <br />— Aaa (6 Credits): <br />— Durham County — Mecklenburg County <br />— Forsyth County — New Hanover County <br />— Guilford County — Wake County <br />— Aa1(7 Credits) <br />— Buncombe County — Cumberland County <br />— Cabarrus County — Orange County <br />— Carteret County — Union County <br />— Catawba County <br />■ The data shown in the peer comparatives is from Moody's Municipal <br />Financial and Ratio Analysis database. The figures shown are derived <br />from the most recent financial statement available as of August 27, <br />2013 (FY 2012 in most cases). <br />DAVENPORT & COMPANY <br />13 <br />Moody's <br />Standard & <br />Fitch Ratings <br />Investors <br />Poor's <br />A <br />Service <br />A- <br />A- <br />Aaa <br />AAA <br />AAA <br />Aa 1 <br />AA+ <br />AA+ <br />Aa2 <br />AA <br />AA <br />Aa3 <br />AA- <br />AA- <br />Al <br />A+ <br />A+ <br />A2 <br />A <br />A <br />A3 <br />A- <br />A- <br />Baal <br />BBB+ <br />BBB+ <br />Baa2 <br />BBB <br />BBB <br />Baa3 <br />BBB- <br />Non Investment Grade <br />B.BB- <br />u <br />September 26, 2013 Orange County, NC 3 <br />