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Roanoke, Virginia; General Obligation Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to the city of Roanoke, Va.'s general obligation (GO) taxable and tax-exempt public improvement bonds series 2012A, 2012B, and 2012C and affirmed its 'AA' rating on the city's existing GO bonds. The outlook is stable. The ratings reflect our view of the city's: Role as the urban center of a diverse regional economy in western Virginia; Ongoing economic revitalization; Good financial performance, coupled with strong management practices; and Moderate debt burden, with a rapid amortization schedule. These factors are partly tempered by adequate income levels that remain well below state and national averages. The city's full faith and credit GO pledge secures the bonds. We understand that proceeds from...
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