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Arlington County, VA's Series 2010A, 2010B, and 2010C General Obligation Bonds Rated 'AAA'; Outlook Stable Jul 10
Standard & Poors, July 2010
Abstract
NEW YORK (Standard & Poor's) July 12, 2010--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Arlington County, Va.'s series 2010A and 2010B general obligation (GO) public improvement and 2010C GO refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating on the county's GO parity debt and 'AA+' rating on its related appropriation debt outstanding. In our opinion, the rating reflects 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...
Companies mentioned in this report are: Arlington Cnty
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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