Herndon, VA Assigned 'AAA' Issuer Credit Rating With A Stable Outlook - S&P Global Ratings’ Credit Research

Herndon, VA Assigned 'AAA' Issuer Credit Rating With A Stable Outlook

Herndon, VA Assigned 'AAA' Issuer Credit Rating With A Stable Outlook - S&P Global Ratings’ Credit Research
Herndon, VA Assigned 'AAA' Issuer Credit Rating With A Stable Outlook
Published Jun 25, 2018
4 pages (1457 words) — Published Jun 25, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

WASHINGTON D.C. (S&P Global Ratings) June 25, 2018--S&P Global Ratings assigned its 'AAA' issuer credit rating (ICR), and stable outlook, to the Town of Herndon, Va. "The ICR reflects our view of Herndon's general creditworthiness and represents our forward-looking opinion of the town's capacity and willingness to meet its financial commitments as they come due," said S&P Global Ratings credit analyst Timothy Barrett. Herndon's general obligation (GO) bonds are eligible for a rating above the sovereign because we believe the town can maintain better credit characteristics than the nation in a stress scenario. Under our criteria, titled "Ratings Above The Sovereign: Corporate And Government Ratings—Methodology And Assumptions" (published Nov. 19, 2013, on RatingsDirect), the town has a predominantly locally derived

  
Brief Excerpt:

...WASHINGTON D.C. (S&P Global Ratings) June 25, 2018--S&P Global Ratings assigned its '###' issuer credit rating (ICR), and stable outlook, to the Town of Herndon, Va. "The ICR reflects our view of Herndon's general creditworthiness and represents our forward-looking opinion of the town's capacity and willingness to meet its financial commitments as they come due," said S&P Global Ratings credit analyst Timothy Barrett. Herndon's general obligation (GO) bonds are eligible for a rating above the sovereign because we believe the town can maintain better credit characteristics than the nation in a stress scenario. Under our criteria, titled "Ratings Above The Sovereign: Corporate And Government Ratings--Methodology And Assumptions" (published Nov. 19, 2013, on RatingsDirect), the town has a predominantly locally derived revenue source with nearly 71% of general fund revenue coming from local tax sources. The rating reflects our view of the town's: + Strong economy, with access to a broad and...

  
Report Type:

Ratings Action

Issuer
Herndon
Sector
Public Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Herndon, VA Assigned 'AAA' Issuer Credit Rating With A Stable Outlook" Jun 25, 2018. Alacra Store. Feb 24, 2020. <http://www.alacrastore.com/s-and-p-credit-research/Herndon-VA-Assigned-AAA-Issuer-Credit-Rating-With-A-Stable-Outlook-2062154>
  
APA:
S&P Global Ratings’ Credit Research. (). Herndon, VA Assigned 'AAA' Issuer Credit Rating With A Stable Outlook Jun 25, 2018. New York, NY: Alacra Store. Retrieved Feb 24, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/Herndon-VA-Assigned-AAA-Issuer-Credit-Rating-With-A-Stable-Outlook-2062154>
  
US$ 150.00
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