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Arlington Again Gets Highest Bond Rating

Arlington, Virginia logoFor the 14th straight year, Arlington County has received a perfect Aaa/AAA/AAA debt rating from the major credit rating agencies.

Arlington is one of only 39 U.S. counties to receive the highest possible rating. The rating will enable Arlington County to borrow money at a lower rate than other, less creditworthy jurisdictions.

From an Arlington County press release:

“As the County continues to fund critical general government and school capital needs, this reaffirmation of our triple – AAA rating, is an important validation, which allows us to enjoy lower interest rates for our General Obligation bonds and use every dollar as efficiently as possible,” said County Manager Barbara Donnellan.

Moody’s noted that the County’s “continued careful financial management and commitment to maintaining sound financial flexibility are expected to maintain Arlington’s strong fiscal operations.”

Fitch noted that the County’s “debt levels are moderate and expected to remain so given prudent planning and adherence to conservative debt policies.” They also noted that “conservative budgeting, timely tax increases, and closely monitored expenditure controls consistently produce surplus operating results leading to solid reserve levels and liquidity.”

Standard and Poor’s noted the County’s “Very strong debt and contingent liability, driven by low carrying charges, low net debt, and rapid amortization.”

Having a Aaa/AAA/AAA rating ensures that the County will enjoy lower interest rates for its upcoming sale of the Series 2014 General Obligation Public Improvement and Refunding Bonds the week of May 26.

Recent Stories

Good Monday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…

An 18-year-old Arlington woman is facing a litany of charges after an reported bike theft led to violence. The incident happened Sunday evening near the intersection of S. Walter Reed…

What do I do if school doesn’t fit my kid? That’s the question that so many of the parents and families ask when they’re looking at small independent schools like…

There is a new play area for kids inside Ballston Quarter with plenty of pint-sized attractions. Located on the first floor of the mall, near the about-to-close Macy’s, Junior Playland…

Well-Paid Maids recently unveiled a new scheduling system.

That means it’s easier than ever to book your professional home cleaning with the only certified living-wage home cleaning service in the D.C. area.

Here’s what to expect when you book your cleaning:

  1. Select your location.

  2. Choose your service (i.e. 1 BD/1BA). (This is also where you’ll see the rate.)

  3. Pick your cleaner. (If you don’t have a preference, opt for “any available.”)

  4. Schedule a date and time. You can also set up recurring cleanings and get a discount!

  5. Enter your information and reserve.

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Submit your own Announcement here.

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Submit your own Announcement here.

Portofino Italian Wine Dinner, April 6, 6:30pm

Four course Italian dinner, paired with 2 wines each. The wines will be served “blind” and notes on each wine will be discussed. The event is coordinated with Elite Wine Importers and The Portofino Restaurant. The dinner is on Saturday,

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