- Language: English
- Published: December 2012
- Region: Virginia
Summary: Virginia And Related Entities; Appropriations; General Obligation Apr 11
- ID: 1711993
- April 2011
- Region: Virginia
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA' rating on Virginia's general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'AA+' rating on the commonwealth's related authorities' appropriation debt outstanding. The outlook is stable. The ratings reflect what we view as the commonwealth's: Strong and broad-based economy that, in the past 15 years, has grown at a faster pace than the national average; Strong financial policies and practices; Long history of proactive and conservative financial management; and Manageable debt burden with low debt service carrying charges. Virginia's overall economic performance is slowly improving as it emerges from the recession. While the recession affected the commonwealth, we believe its economic performance held up better than many other...
Companies mentioned in this report are:
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >