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Arlington County, Virginia; Tax Secured, General Obligation Apr 03
Standard & Poors, April 2003
Abstract
The 'AAA' rating on Arlington County, Va.'s GO public improvement and refunding bonds reflects the county's: Deep and diverse economic base, which is one of the Washington, D.C. MSA's and northern Virginia's economic anchors; 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 of which will be used to fund various capital projects ($33.6 million) and school projects ($41.4 million) and partially refund series 1992 and 1993 bonds ($44.5 million). Arlington County, with a population of nearly 200,000, is directly across the Potomac River from Washington, D.C. and is easily accessible to commuters by the Washington D.C. Metro rail system and interstate highways....
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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