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Summary: Isle Of Wight County, Virginia; General Obligation; Note Mar 10

  • ID: 1825177
  • March 2010
  • Region: Virginia
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Isle of Wight County, Va.'s series 2010A general obligation (GO) public improvement bonds and its 'SP-1+' short-term rating to the county's series 2010B GO public improvement notes (bond anticipation notes). At the same time, Standard & Poor's affirmed its 'AA-' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's existing debt. In our opinion, the rating reflects the county's: Largely rural, primarily residential area that benefits from its location and participation in the greater and diverse Hampton Roads, Va. regional economy; Consistent property tax base growth, which will experience pressure in the near term as the county deals with the loss of...

Companies mentioned in this report are:
- Isle of Wight Cnty

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

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- Isle of Wight Cnty

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