Loudoun County, Virginia; General Obligation Jun 11
Standard & Poors, June 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating and stable outlook to Loudoun County, Va.'s series 2011A general obligation (GO) public improvement bonds and affirmed its 'AAA' rating, with a stable outlook, on the county's existing GO debt. The rating reflects our opinion of the county's: Historically rapid economic and employment base growth, which has slowed recently, playing an integral role in the stable metropolitan statistical area (MSA); Historically strong property tax base growth, which has also slowed recently, that has recently begun to experience declines due to the overall economic downturn; Very strong wealth and income levels, which are among the nation's highest for counties; Historically solid financial position with, what we consider, very strong reserves, which management...
Companies mentioned in this report are: Loudoun Cnty
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
Loudoun Cnty
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