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Arlington County Industrial Development Authority, Virginia Arlington County; Appropriations; General Obligation Jan 11
Standard & Poors, Jan 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating and stable outlook to Arlington County Industrial Development Authority, Va.'s series 2011 revenue bonds, issued for Arlington County. Standard & Poor's also affirmed its 'AAA' rating on the county's existing general obligation (GO) debt and its 'AA+' rating on the county's appropriation-backed debt. The outlook is stable. The ratings reflect out view of the county's: Deep and diverse economy, serving as one of the anchors of the greater Washington, D.C. and Northern Virginia core-based statistical area; Excellent financial management that has been proactive in managing through all economic cycles including the current national recession; Strong available reserve position, bolstered by unreserved general fund balances ranging between 11.7% and 15.6% in...
Companies mentioned in this report are: Arlington Cnty,Arlington Cnty Indl Dev Auth
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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