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Arlington County, Virginia; Appropriations; General Obligation May 08
Standard & Poors, May 2008
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Arlington County, Va.'s series 2008 general obligation (GO) public improvement and refunding bonds. The rating reflects the county's: Deep and diverse economy, serving as one of the anchors of the greater Washington, D.C., and Northern Virginia core-based statistical area; Excellent financial management; and Moderate overall debt burden. Securing the bonds is the county's full faith and credit GO pledge. The county will use bond proceeds to finance various county, school, recreation, and utilities capital improvement projects (CIP). Arlington County (estimated population 202,800, with a day population of 286,000) is located directly across the Potomac River from Washington, D.C., in Northern Virginia and is easily accessible to commuters...
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: Full Analysis
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