TITLE

Arlington County, Va., Flexes Its Triple-A's With GO Sale

AUTHOR(S)
Vadum, Matthew
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/17/2003, Vol. 344 Issue 31617, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Despite a weak national economy and lingering local financial pressures related to the terrorist attacks, an offering of 115.4 million dollars of general obligation bonds from Arlington County, Virginia, has garnered triple-A ratings from all three major rating agencies. The triple-A rating on the bonds comes as the national economy is in a bad state, still unable to recover fully from the September 11, 2001, terrorist attacks, and suffering from a steep drop in capital-gains tax revenues since the stock market tanked. Arlington's population growth remains strong at 10 percent over the past decade as of May 14, 2003, and per-capita income levels are among the highest in the U.S., at levels in 2000 that were two-thirds higher than the national average, he wrote.
ACCESSION #
9766484

 

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