Join Club

Arlington County Credit Rating Reaffirmed

Arlington County’s top Aaa credit rating has been reaffirmed by Moody’s Investor Service, but with a “negative outlook” assigned.

The rating agency had threatened to downgrade Arlington during the U.S. debt crisis, due to its indirect ties to the federal government. With the debt crisis resolved and with the federal government’s Aaa rating reaffirmed, Moody’s reaffirmed the ratings of more than 300 public finance issuers, including Arlington.

In a statement, Moody’s said that Arlington and other debt issuers would, like the federal government, be assigned a “negative outlook.” The agency said that the outlooks “will be reviewed on a case by case basis in the coming weeks,” in order to determine whether individual outlooks should be set back at “stable.”

“In order to have a stable outlook, an issuer will need to have credit quality that could be expected to remain higher than that of the U.S. government in the event that the sovereign were downgraded from Aaa,” Moody’s said.

The county’s debt rating affects the interest rate at which it is able to borrow money through bond issues.

Recent Stories

New Addison Heights Home by National Landing Attractions!

A 19-year-old man and a teen boy are facing charges after two girls overdosed at Wakefield High School last week. Police and medics responded to the school just before 11:45…

Join Arlington County Initiative to Rethink Energy (AIRE) and a group of electric vehicle (EV) experts as they explain how to install home chargers, discuss commercial charging infrastructure, project the…

Arlington Restaurant Week returns this month with almost five dozen eateries for local foodies to explore. This marks the Arlington Chamber of Commerce’s fifth consecutive year organizing the week-long event,…

The Arlington Sports Hall of Fame is extremely pleased to announce that our 2023 Annual Induction Dinner, again in partnership with the Better Sports Club of Arlington, will be held on Wednesday, Oct. 11, at the Knights of Columbus, located at 5115 Little Falls Road, Arlington, Va.

Our dinner will pay tribute to all the honored members of the Hall of Fame and will induct the following six new Class of 2023 inductees, joining the 62 athletes, coaches and contributors who have been inducted into ASHOF since its founding in 1958:

Noel Deskins (Yorktown Class of ’79): Track & Field record-holder & Athlete of the Year at YHS and JMU

Eric Metcalf (O’Connell Class of ’85): Star NFL running back, football and track & field record-holder and Hall of Famer at both O’Connell and the University of Texas

Read More

Submit your own Announcement here.

50 First Dates x The Renegade: Speed Dating

🌟 Calling all adventurous hearts! 🌟

💑 Get ready for an evening of excitement and connection as we present Speed Dating Night at The Renegade in Arlington, VA! 🌆

📅 Mark your calendars for Oct 20th, from 6-9 pm, because

Free Right-Sizing Workshop – How to Get Rid of Your…

Cody Chance and Dick Nathan of Long & Foster are hosting an online workshop on the topic of “down-sizing” Wednesday, October 4 from 5:30-7:00 p.m. Every great endeavor begins with a great plan. This workshop will give you the tools

×

Subscribe to our mailing list