Socioeconomic and Demographic Indicators in Rating Analysis

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Socioeconomic and Demographic Indicators in
Rating Analysis
Presented by Zeynep Altinordu
NCACC Board of Directors Meeting February 6, 2008
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Overview

• Introduction
• GO Rating Factors
• Workforce
• Population Trends
• Wealth Profile
• Managements Role
• Moodys Medians and NC
• QA

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Four Primary Credit Factors
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Socio-Economic/Demographic Indicators

• Workforce
• Population trends
• Wealth profile

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Workforce

• Composition of workforce
• Employment in different industries
• Skill levels and wages
• Accessibility
• Commuting patterns
• Unemployment rates and trends
• Peaks and seasonality
• Labor force vs. unemployment

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Population Trends

• Population growth trends
• Population growth over time
• Trend of school enrollment
• Growth myth
• Composition of population
• Median age
• Retiree population
• Institutional presence

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Wealth Profile

• Wealth indices
• Per capita income
• Median family income
• Median value of owner occupied housing
• Population below poverty
• Full value per capita
• Affordability and cost of living

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Role of Management

• Workforce
• Dedication to workforce development
• Understanding of job expansion and retention
  strategies
• Population
• Describing growth assumptions and strategies
• Wealth profile
• Showing willingness to use resources to produce
  benefits

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How Do NC Counties Compare
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Summary

• GO Rating Factors
• Workforce
• Population Trends
• Wealth Levels
• Managements Role
• Moodys Medians and NC
• QA

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Questions Answers Moodys North Carolina Team

• Elizabeth Bergman
• 212.553.4648
• Zeynep Altinordu
• 212.553.2737
• Patrick Mispagel
• 212.553.4132
• www.moodys.com