The AAA rating of Virginia bonds is reflective of:
Virginia’s ability to save millions of taxpayer dollars in interest payments when it finances debt, such as borrowing for construction costs. With less interest to pay, Virginia can use its resources where they are needed the most and can maintain its favorable tax rates for citizens and industries.
Virginia’s excellent financial and administrative status. Virginia gained this status from finance professionals, such as Standard and Poor's and Fitch, who reached this conclusion after rigorously examining the state's fiscal management practices over a period of time.
The confidence placed in the Commonwealth's fiscal health.
The various types of issuers of Virginia bonds are:
Virginia State General Obligations bonds: These bonds are issued by authorities such as:
Some of the popular Virginia bonds are: