HomeMy Public PortalAboutTOL NR 2019-03-22 Moody's Affirms Aaa Bond Rating
Town of Leesburg
News Release
For Immediate Release
March 22, 2019
Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov 703-771-2734
Moody’s Affirms Town of Leesburg’s Aaa Bond Rating
Leesburg, VA (March 22, 2019) – Town of Leesburg officials received notification today that
Moody’s released their annual comment on the Town’s credit rating and has affirmed Leesburg
as Aaa Stable. Aaa is Moody’s highest rating. The “stable” outlook indicates that they do not
have any material concerns about the Town’s financial outlook.
Key drivers in the Aaa rating include “a robust financial position, a very strong wealth and
income profile, and an ample tax base,” in addition to the the Town’s affordable debt burden.
Moody’s last affirmed Leesburg’s credit rating in April 2018.
“The Moody’s annual comment provides the Town’s taxpayers and investors additional
assurance that the Town of Leesburg continues on a path of strong fiscal policy and adherence
to sound long-term, fiscal sustainability planning,” said Clark Case, Leesburg’s Director of
Finance and Administrative Services.
# # #