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Arlington County, VA GO Bonds Rated 'AAA' Jun 99
Standard & Poors, June 1999
Abstract
NEW YORK (Standard & Poor's CreditWire) June 11, 1999 - Standard & Poor's today assigned its triple-'A' rating to Arlington County, Va.'s $79.75 million GO bonds series 1999 dated June 15, 1999, due Aug. 15, 2019. The bonds are scheduled to sell June 17, 1999. In addition, Standard & Poor's affirmed its triple-'A' rating on the county's outstanding GO bonds. The bonds are secured by an ad valorem tax pledge. Other rating factors include: -- A deep and diverse economic base participating in the Washington, D.C. metropolitan area economy; -- Above-average wealth indicators, -- Strong finances, and -- An increasing yet manageable debt burden. The county (population 188,100) is located directly across the Potomac River from Washington, D.C. Vibrant commercial...
Companies mentioned in this report are: Arlington Cnty
Action: New Rating
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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