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Arlington County, Virginia; General Obligation, Local GO Apr 98
Standard & Poors, April 1998
Abstract
The rating on Arlington County, Va.'s debt reflects: An enduring and diversified economic base closely linked with the Washington, D.C. regional economy; Above-average wealth indicators; Consistently sound financial operations; and A growing, yet manageable, debt burden. The county (population 186,400) is directly across the Potomac River from Washington, D.C. Vibrant commercial and retail development along the Metrorail corridor has offset the impact of a reduction in government services and loss of several navy bases. The county is home to the Pentagon and the new U.S. State Department's National Foreign Affairs Training Center. Office space, exhibiting low vacancy rates, accounts for a major component of the taxpayer base (13.9%). The $21.3 billion tax base results from growth rates that have fluctuated...
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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