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Arlington County, Virginia; Appropriations; General Obligation Feb 12
Standard & Poors, Feb 2012
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Arlington County, Va.'s series 2012 general obligation (GO) refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO debt. Standard & Poor's also affirmed its 'AA+' rating, with a stable outlook, on Arlington County Industrial Development Authority, Va.'s appropriation-backed debt, supported by the county. The ratings reflect out view of the county's: Deep and diverse economy, serving as one of the anchors of the greater Washington and Northern Virginia core-based statistical area; Excellent financial management that has been proactive in managing through all economic cycles, including the current national recession; Consistent finances, which has resulted in, what we consider, very strong...
Companies mentioned in this report are: Arlington Cnty,Arlington Cnty Indl Dev 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
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