Prince William County, VA $127.6 Million Special Obligation Bonds Assigned 'AAA' Rating, Revenue Bonds Rated 'AA+' - S&P Global Ratings’ Credit Research

Prince William County, VA $127.6 Million Special Obligation Bonds Assigned 'AAA' Rating, Revenue Bonds Rated 'AA+'

Prince William County, VA $127.6 Million Special Obligation Bonds Assigned 'AAA' Rating, Revenue Bonds Rated 'AA+' - S&P Global Ratings’ Credit Research
Prince William County, VA $127.6 Million Special Obligation Bonds Assigned 'AAA' Rating, Revenue Bonds Rated 'AA+'
Published Sep 20, 2024
2 pages (1185 words) — Published Sep 20, 2024
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Abstract:

CHICAGO (S&P Global Ratings) Sept. 20, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to Prince William County, Va.'s approximately $127.605 million series 2024 special obligation bonds, issued by the Virginia Public School Authority (VPSA), based on the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. We also assigned our 'AA+' long-term rating to the Prince William County Industrial Development Authority (IDA), Va.'s approximately $14.915 million series 2024 facilities revenue bonds, issued on behalf of the county. Finally, we affirmed our 'AAA' rating on the county's outstanding general obligation (GO) debt and our 'AA+' rating on its outstanding lease appropriation debt. The outlook is stable. "The ratings reflect our view of Prince William

  
Brief Excerpt:

...September 20, 2024 CHICAGO (S&P Global Ratings) Sept. 20, 2024--S&P Global Ratings assigned its '###' long-term rating to Prince William County, Va.'s approximately $127.605 million series 2024 special obligation bonds, issued by the Virginia Public School Authority (VPSA), based on the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. We also assigned our '##+' long-term rating to the Prince William County Industrial Development Authority (IDA), Va.'s approximately $14.915 million series 2024 facilities revenue bonds, issued on behalf of the county. Finally, we affirmed our '###' rating on the county's outstanding general obligation (GO) debt and our '##+' rating on its outstanding lease appropriation debt. The outlook is stable. "The ratings reflect our view of Prince William County's increasing economic strength that will continue to lead to material revenue growth, a longstanding commitment to financial balance, robust...

  
Report Type:

Ratings Action

Issuer
Prince William County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Prince William County, VA $127.6 Million Special Obligation Bonds Assigned 'AAA' Rating, Revenue Bonds Rated 'AA+'" Sep 20, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Prince-William-County-VA-127-6-Million-Special-Obligation-Bonds-Assigned-AAA-Rating-Revenue-Bonds-Rated-AA-3254009>
  
APA:
S&P Global Ratings’ Credit Research. (). Prince William County, VA $127.6 Million Special Obligation Bonds Assigned 'AAA' Rating, Revenue Bonds Rated 'AA+' Sep 20, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Prince-William-County-VA-127-6-Million-Special-Obligation-Bonds-Assigned-AAA-Rating-Revenue-Bonds-Rated-AA-3254009>
  
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