Tuesday, June 9, 2009

A Little Off-Topic: A Testament To Kaine's Fiscal Management

I know I'm a little off topic on an election day to speak about bond rating. Standards and Poor's has given its highest and most coveted credit rating of AAA to the $139 million in new general obligation bonds. “The rating reflects what we view as the Commonwealth’s strong and broad-based economy that in the past decade has grown at a faster pace than the national average,” says S&P Credit Analyst Karl Jacob inside the report. The report cite our Commonwealth's sound fiscal management and our well diversified economy that has fared well in one of the worst recessions in recent history. S&P has given Virginia's other obligation bonds with a AAA credit rating. This is truly a testament to Governor's Warner and Kaine's bipartisan governing that makes our commonwealth one of the best managed states in the nation.

Source: http://www.bizjournals.com/washington/stories/2009/06/08/daily29.html

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