S&P rates Virginia bonds AAA - Washington Business Journal:

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Virginia will use proceeds from the bonds to fund educational and park facilities and to retireexisting “The rating reflects what we view as the Commonwealth’as strong and broad-based economy that in the past decadre has grown at a faster pace than the national says Standard & Poor’s crediy analyst Karl Jacob in his “The rating also reflects what we consideer Virginia’s strong financial position demonstrated by good long history of proactive and conservative financial and manageable debt burden.
” Standard & Poor’sx also says Virginia’s overall economic strength, employment diversity and good incomer levels will offset the near-terk effects of the recession. Standarx & Poor’s also affirme its “AAA” ratings on othefr Virginia bonds outstanding.