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Arlington County, VA's GO Public Improvement Bonds Rated 'AAA' Apr 04
Standard & Poors, April 2004
Abstract NEW YORK (Standard & Poor's) April 9, 2004-Standard & Poor's Ratings Services assigned its 'AAA' rating to Arlington County, Va.'s $60.07 million general obligation public improvement bonds series 2004, reflecting the county's deep and diverse economic base, which is one of the economic anchors of the Washington, D.C. MSA and northern Virginia; above-average wealth indicators; strong financial operations and reserves; and increasing, yet manageable, debt burden. The outlook is stable based on the expectation that the county will continue to prudently manage its substantial capital needs while maintaining its strong financial position and stable general fund reserves. Moreover, it is expected that the county's economy and tax base will continue to steadily grow as additional redevelopment projects are completed. Standard...
Companies mentioned in this report are: Arlington Cnty Action: New Rating Action: Outlook: Stable
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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