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| Seal of Gloucester County, Virginia (Photo credit: Wikipedia) |
NEW YORK--(BUSINESS WIRE)--Fitch Ratings upgrades the following Gloucester County, Virginia (the county) bonds:
--$7.2 million Economic Development Authority of Gloucester County lease revenue refunding bonds, series 2006 to 'AA-' from 'A+';
--Implied general obligation (GO) rating to 'AA' from 'AA-'.
The Rating Outlook is Stable.
SECURITY
The bonds are limited obligations of the Economic Development Authority (EDA) of Gloucester County, VA and are payable from lease rental payments from Gloucester County to the trustee, subject to an annual appropriation by the county board of supervisors.
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