Summary: Fairfax County Economic Development Agency, Virginia Fairfax County; Moral Obligation Mar 11
- ID: 1784922
- March 2011
- Region: Virginia
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Fairfax County Economic Development Agency, Va.'s series 2011 transportation district improvement revenue bonds, issued for the Silver Line phase I project and supported by Fairfax County, Va. The rating reflects our opinion of: The credit quality of Fairfax County (AAA/Stable), the obligor ultimately securing the bonds through its agreement to levy the special improvements tax pledged as security, as authorized by the District Act; A project agreement that includes a contractual pledge where the Phase I Dulles Rail Transportation Improvement District must annually request the county to levy the special improvements tax at a level sufficient to satisfy the rate covenant in the trust agreement, in addition...
Companies mentioned in this report are: Fairfax Cnty,Fairfax Cnty Econ Dev Auth
Action: New Rating
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 >