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Summary: Chesterfield County, Virginia; Appropriations; General Obligation Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Chesterfield County, Va.'s series 2012A general obligation (GO) bonds and series 2012B 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 the county's appropriation-backed debt. The ratings reflect our opinion of the county's: Deep and diverse regional economy, anchored by significant employment opportunities in all major sectors; Sizable and diverse property tax base, coupled with, what we consider, strong wealth and income; Historically strong finances due to continued positive operating results and, what we view as, sound fiscal policies; and Low debt, prudently managed through...
Companies mentioned in this report are: Chesterfield Cnty
Action: New Rating
Action: Outlook: Stable
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