Fitch Ratings has assigned a 'AAA' rating to the following general obligation (GO) bonds of Spotsylvania County, Virginia:
--$30 million public improvement bonds Series 2016.
The bonds are expected to be sold via competitive sale on August 17th. Proceeds will be used to finance various school and county capital projects.
In addition, Fitch has upgraded the following county ratings:
--Long-Term Issuer Default Rating (IDR) to 'AAA' from 'AA+';
--$170.2 million GOs to 'AAA' from 'AA+';
--$65.2 million Economic Development Authority of Spotsylvania County (EDA) public facilities revenue bonds, series 2011, 2012 and 2014 to 'AA+' from 'AA'.
To view the entire press release please click here.