Summary: Appomattox County Economic Development Authority, Virginia Appomattox County; Appropriations; General Obligation Jun 13
- Language: English
- Published: June 2013
- Region: Virginia
Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to Fauquier County, Va.'s series 2010 general obligation (GO) school refunding bonds and affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on the county's existing GO debt. In our opinion, the rating reflects the county's: Primarily residential, and still largely rural, economic base that has demonstrated a growing participation in the expanding and diverse northern Virginia economy and that further benefits from easy access to the Washington metropolitan area; Historically healthy and consistent property tax base growth, which experienced a significant decline after the most recent property revaluation effective for fiscal 2010; Above-average wealth and income indicators and historically low unemployment; Historically...
Companies mentioned in this report are: Fauquier Cnty
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >