Article: Fitch Affirms IDA of Dinwiddie County, Virginia's Lease Revs at 'A'.

In the course of routine surveillance, Fitch Ratings affirms the 'A' rating on approximately $40 million of outstanding lease revenue bonds, series 2004B, issued by the Industrial Development Authority of Dinwiddie County, Virginia (the county). The Rating Outlook is Stable (see also Fitch Ratings).

The 'A' rating reflects the county's moderate and rapidly retiring debt burden, a fairly narrow local economy, the county's solid financial flexibility guided by newly adopted fiscal policies, and the fact that debt service payments are ultimately subject to annual appropriation. The bonds are limited obligations of the issuer, secured by a pledge of payments of basic ...

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