VIRGINIA: Norfolk Affirmed Before Deal

Ackerman, Andrew
October 2006
Bond Buyer;10/19/2006, Vol. 358 Issue 32490, p37
Trade Publication
The article reports on the outstanding rating given by Moody's Investors Service Inc. and Fitch Rating Inc. on the general obligation capital improvement and refunding bonds in Norfolk, Virginia. Prior to the sale of the city's $114.3 million bonds, an affirmation for an A1 and AA ratings are presented by the two firms respectively. This rating is granted as part of various developments displayed. Furthermore, it is noted that the two firms also reveal a stable outlook on the city.


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