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Summary: Fairfax County Redevelopment & Housing Authority, Virginia Fairfax County; Appropriations; General Obligation; Moral Obligation; Note Apr 11 Product Image

Summary: Fairfax County Redevelopment & Housing Authority, Virginia Fairfax County; Appropriations; General Obligation; Moral Obligation; Note Apr 11

  • Published: April 2011
  • Region: Virginia
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Fairfax County Redevelopment & Housing Authority (FCRHA), Va.'s series 2011A bond anticipation notes (BANs) (affordable housing acquisition), issued for Fairfax County. At the same time, Standard & Poor's affirmed its 'AAA' long-term rating, with a stable outlook, on the county's general obligation (GO) debt and its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's appropriation-backed debt. In addition, Standard & Poor's affirmed its 'AA' long-term rating, with a stable outlook, on the county's moral obligation debt. The rating reflects our opinion of: The county's 'AAA' rated general creditworthiness as the obligor; The contractual provisions to include in the county's budget...

Companies mentioned in this report are:
- Fairfax Cnty
- Fairfax Cnty Redev & Hsg Auth
- Fairfax Cnty Econ Dev Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Fairfax Cnty
- Fairfax Cnty Redev & Hsg Auth
- Fairfax Cnty Econ Dev Auth

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