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Arlington County, Virginia; Tax Secured, General Obligation Apr 04

Standard & Poors, April 2004


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Abstract
The 'AAA' rating on Arlington County, Va.'s GO public improvement bonds series 2004 reflects 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 county's full faith and credit pledge secures the bonds. The proceeds will be used to finance various county ($32.07 million) and school ($28.0 million) capital improvement projects. Arlington County (population 198,739) is directly across the Potomac River from Washington, D.C., and is easily accessible to commuters by the Metrorail system and interstate highways. The sizable and still-growing presence of the federal government--including the Pentagon, the U.S. State Department's National...

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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