Loudoun County maintains top bond ratings
The county has held the Aaa rating from Moody's since 2004 and the AAA rating from Standards & Poor's and Fitch ratings since 2005.
The Aaa rating from Moody's reflected Loudoun's “sizable and diverse tax base with strong long-term growth potential, above-average wealth levels, consistently solid financial performance and a manageable debt burden,” according to a statement from the agency.
“The reaffirmation of our triple-A rating is good news for Loudoun taxpayers, because it means the county will continue to get the best possible interest rates to finance our capital projects,” Board of Supervisors Chairman Scott K. York (R-At Large) said in a statement.
This year's triple-A ratings comes in advance of the sale of up to nearly $70 million in general obligation bonds later in May, according to the county's public information office. Proceeds from the sale will be used to finance the construction of new schools: Cardinal Ridge Elementary School, Discovery Elementary School, Trailside Middle School, Rocky Ridge High School and Riverside High School; the renovations to Mercer Middle School, Freedom High School, and Loudoun County High School Stadium; the renovation of the Ashburn Volunteer Fire Department station; improvements to several athletic fields across the county; and acquisition of fire-rescue apparatus.
Be the first to post a comment!
Post a commentCommenting is not available in this channel entry.
Comments express only the views of the author and do not necessarily reflect the views of this website or any associated person or entity. Any user who believes a message is objectionable can contact us at [email protected].
- EDITORIAL: Closed meeting for ‘open’ discussion brings shame on Leesburg Council
- Governor hopeful Ed Gillespie stops in Leesburg during statewide kick-off tour
- Accident on Route 9 causes entire roadway to shut down
- Yes, that was Loudoun County Sheriff Mike Chapman at Sen. Sessions’ confirmation hearing
- Sterling man charged with animal cruelty, wielded knife at dog
|The Loudoun Times-Mirror
is an interactive, digital replica
of the printed newspaper.Click here for all e-editions.