S&P Global Ratings has assigned its 'AA-' rating to Danville, Va.'s series 2017 general obligation (GO) public improvement and refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA-' rating on the city's GO debt outstanding. The outlook is stable. Danville's full-faith-and-credit pledge and its agreement to levy ad valorem property taxes without limitation as to rate or amount secure its GO bonds. Bond proceeds will finance the costs of various capital improvements and refund the city's series 2010A and 2012B bonds. The rating reflects our view of the following credit factors for Danville: Weak economy, with projected per capita effective buying income at 76.2% of the national level and market value per capita of $64,063; Strong management,
