Higher Education
Fitch Rates Virginia's $99M Refunding GOs 'AAA'; Outlook Stable
Published in Managed Care Weekly Digest, February 27th, 2012
--$98.945 million GO refunding bonds, series 2012 A.
The bonds are expected to sell via competition on Feb. 16, 2012.
Additionally, Fitch affirms its 'AAA' rating on the commonwealth's $1.7 billion in outstanding GO debt.
The Rating Outlook is Stable.
SECURITYThe bonds represent general obligations of the commonwealth, with full faith and credit pledged.
KEY RATING DRIVERS
--CONSERVATIVE FINANCIAL MANAGEMENT:...
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