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Arlington County, Va.'s GO & GO Refunding Bonds Rated 'AAA'; Outlook Stable May 01
Standard & Poors, May 2001
Abstract
NEW YORK (Standard & Poor's CreditWire) May 23, 2001-Standard & Poor's today assigned its triple-'A' rating to Arlington County, Va.'s $111 million GO bonds and GO refunding bonds dated June 1, 2001, due Feb. 1, 2021. The bonds are scheduled to sell June 6, 2001. At the same time, Standard & Poor's affirmed its triple-'A' rating on the county's $360 million GO debt. The outlook is stable. Rating factors include: -- A deep and diverse economic base that is one of the anchors in the Washington, D.C. metropolitan area and northern Virginia economy; -- Strong above-average wealth indicators; -- Strong financial operations and reserves, and -- An increasing, yet manageable, debt burden. The bonds are secured by an ad-valorem tax...
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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