Stafford County & Staunton Industrial Development Authority, VA's 2006C, 2007B, C, And E Bond Rating On Watch Negative

Standard & Poors, March 2011

Abstract
DALLAS (Standard & Poor's) March 21, 2011--Standard & Poor's Ratings Services has placed its 'A' rating on Stafford County & Staunton Industrial Development Authority, Va.'s Municipal League/Virginia Association of Counties Finance Program (VML/VACo) series 2006C, 2007B, 2007C, and 2007E on CreditWatch with negative implications, indicating the potential for the rating to be lowered in the near term. "The CreditWatch reflects our ongoing analysis of the program, and specifically, the likelihood that no additional bonds or loans will be added to the program," said Standard & Poor's credit analyst James Breeding. The CreditWatch placement also reflects the static nature of the common reserve fund, and the need for full replenishment of any draws on debt service reserve funds to meet the

Article Type:NEWS,RATING_ACTION
Companies mentioned in this report are: Stafford Cnty & Staunton Indl Dev Auth
Action: On CreditWatch:Negative

Stafford Cnty & Staunton Indl Dev Auth

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