- Published: May 2012
- Region: United States
Summary: Virginia Public School Authority Montgomery County; Appropriations; General Obligation Nov 11
- Published: November 2011
- Region: Virginia
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA' long-term rating and stable outlook to Virginia Public School Authority's series 2011 special obligation school financing general obligation (GO) bonds, issued for Montgomery County, and affirmed its 'AA' underlying rating (SPUR), with a stable outlook, on the county's existing GO debt. Standard & Poor's also affirmed its 'AA-' long-term rating and SPUR, with a stable outlook, on the county's appropriation debt. The 'AA' rating reflects our opinion of the county's: Continued growth and diversification of the employment base, anchored by Virginia Polytechnic and State University (Virginia Tech), coupled with, what we consider, strong wealth and adequate income that are somewhat mitigated by the sizable student population; Continuation of modest property tax base...
Companies mentioned in this report are: Montgomery Cnty,Virginia Pub Sch Auth,Montgomery Cnty Indl Dev Auth,Montgomery Cnty Econ Dev Auth
Action: New Rating
Action: Outlook: Stable
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Montgomery Cnty,Virginia Pub Sch Auth,Montgomery Cnty Indl Dev Auth,Montgomery Cnty Econ Dev Auth