S&P Global Ratings has assigned its 'AA-' rating to Danville, Va.'s 2020 series A and 2020 series B general obligation (GO) public improvement bonds. At the same time, S&P Global Ratings affirmed its 'AA-' rating on the city's existing GO debt. The outlook is stable. Danville's faith-and-credit pledge, for the payment of bond principal and interest, secures the bonds. The approximately $15.3 million bonds consist of $11.4 million of new money debt for electric and general government projects and $3.4 million to refund the city's outstanding series 2010A bonds. The city of Danville is located in Pittsylvania County in the southwest part of Virginia, just north of the North Carolina state line. Economic and financial impacts of the pandemic-related recession,
