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Fairfax County, Virginia; Appropriations; General Obligation; Moral Obligation; Note Jan 11
Standard & Poors, January 2011
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to Fairfax County, Va.'s series 2011A general obligation (GO) public improvement refunding bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating on the county's parity GO debt outstanding. The ratings reflect what we view as the county's: Strong, deep, and affluent economy, which serves as a principal anchor for the greater Washington, D.C., region; Substantial property tax base and property wealth; Excellent financial management; and Moderate overall debt burden. The county's full faith and credit GO pledge secures the bonds. It will use bond proceeds to finance school, transportation, and parks and facilities improvements, as well as to refund all or a portion of...
Companies mentioned in this report are: Fairfax Cnty
Action: New Rating
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Research Type: Full Analysis