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Arlington County, Virginia; Appropriation, Appropriations; Tax Secured, General Obligation Mar 06
Standard & Poors, March 2006
Abstract
The 'AAA' rating on Arlington County, Va.'s GO public improvement and refunding bonds series 2006 reflects the county's: Deep and diverse economy, serving as one of the anchors of the greater Washington, D.C. and northern Virginia MSAs; Excellent financial management; and Moderate overall debt burden. The bonds are secured by the county's full faith and credit GO pledge. Bond proceeds will be used to finance various county ($43.8 million) and school ($17.5 million) capital improvement projects. The remaining series 2006 proceeds ($110.9 million) will be used to refund portions of the county's outstanding series 1998, 2001, 2002, 2004, and 2005 GO bonds, with refunded principal totaling $108.8 million. Anticipated net present value savings from this refunding total roughly $4.1 million...
Companies mentioned in this report are: Arlington Cnty,Arlington Cnty Indl Dev Auth
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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