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Summary: Prince William County, Virginia; General Obligation Feb 12

  • ID: 2051899
  • February 2012
  • Region: Virginia
  • Standard & Poors
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FEATURED COMPANIES

  • Prince William Cnty
  • Virginia Pub Sch Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Prince William County, Va.'s series 2012A and 2012B 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 'AAA' rating, with a stable outlook, on Virginia Public School Authority's GO debt, issued for the county. The rating reflects our opinion of the county's: Deep and diverse economy, which participates in the Washington metropolitan statistical area (MSA); Sizable and diverse property tax base, which exhibits, what we consider, strong wealth and income, despite a steep decline in assessed value (AV) during the recession; Strong financial management, resulting in consistent operations and, what...

Companies mentioned in this report are:
- Prince William Cnty
- Virginia Pub Sch Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Prince William Cnty
- Virginia Pub Sch Auth

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