Virginia Public School Authority Prince William County; General Obligation Jul 11
Standard & Poors, July 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Virginia Public School Authority's series 2011 special obligation school financing bonds, issued for Prince William County. The rating reflects our opinion of the county's: Deep and diverse economy, which participates in the Washington, D.C. metropolitan statistical area (MSA); Sizable and diverse tax base, which exhibits strong wealth and income indicators, despite a steep decline in assessed value (AV) due to the recession; Strong financial management, resulting in consistent financial operations and strong reserves throughout the recession; and A low to moderate debt burden, albeit with significant future capital needs. The series 2011 bonds are limited obligations of the authority and secured solely by principal and interest payments...
Companies mentioned in this report are: Prince William Cnty,Virginia Pub Sch 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
Prince William Cnty,Virginia Pub Sch Auth
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