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Arlington County, VA's Series 2005 GO Public Improvement Bonds Rated 'AAA' May 05
Standard & Poors, May 2005
Abstract
NEW YORK (Standard & Poor's) May 2, 2005-Standard & Poor's Ratings Services has assigned its 'AAA' rating to Arlington County, Va.'s $94.53 million general obligation public improvement bonds series 2005, reflecting the county's deep and diverse economy, serving as one of the economic anchors of the greater Washington, D.C. and northern Virginia metropolitan statistical areas. The bonds are scheduled to sell on May 16. The outlook is stable. At the same time, Standard & Poor's affirmed its 'AAA' rating on the county's outstanding general obligation debt. The rating agency also affirmed its 'AA+' rating on Arlington County Industrial Development Authority's outstanding lease revenue bonds. The 'AAA' rating also reflects the county's strong financial management and moderate overall debt burden. 'The...
Companies mentioned in this report are: Arlington Cnty,Arlington Cnty Indl Dev Auth
Action: Affirmed
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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