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Loudoun County, Virginia; General Obligation Jun 11
Standard & Poors, June 2011
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
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Research Type: Full Analysis