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Summary: Loudoun County Industrial Development Authority, Virginia Loudoun County; Appropriations Jun 11 Product Image

Summary: Loudoun County Industrial Development Authority, Virginia Loudoun County; Appropriations Jun 11

  • Published: June 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Loudoun County Industrial Development Authority, Va.'s series 2011A public facility lease revenue bonds, issued for Loudoun County's Sycolin Road project, and series 2011B federally taxable lease revenue bonds, supported by Loudoun County. Standard & Poor's also affirmed its 'AA+' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's lease revenue bonds outstanding. The 'AA+' rating reflects the security of lease payments, subject to annual appropriations. The rating also reflects our opinion of: The strong general credit characteristics of Loudoun County (AAA/Stable general obligation debt rating), as lessee; The county's historical commitment to repaying its appropriation-backed debt; and The strong contractual provisions, including...

Companies mentioned in this report are:
- Loudoun Cnty
- Loudoun Cnty Indl Dev Auth

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

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- Loudoun Cnty
- Loudoun Cnty Indl Dev Auth

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