Credit might be a problem for individuals, businesses and even some local governments. Not for the Commonwealth of Virginia, however.All three major bond-rating agencies give the state their highest credit rating, Gov. Tim Kaine says in this press release from his office.
The ratings were issued prior to the issuance of general obligation bonds this week. The bonds are for remaining portions of capital improvement projects approved in a 2002 bond referendum and for higher education projects across the state.
By Alan Cooper