WASHINGTON — Fairfax, Va., yesterday was upgraded one notch to AAA by Standard & Poor’s because the city’s economic base has remained strong throughout the recession.

The city has $178.7 million of tax-supported debt outstanding and expects to issue $37.4 million of general obligation refunding bonds as early as next week to refinance GOs from 2002, 2004m and 2005. Fairfax will not issue the refunding bonds unless it can achieve 3.0% savings, said David Hodgkins, the assistant city manager and director of finance for Fairfax.

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