WASHINGTON - Standard & Poor's and Moody's Investors Service reaffirmed Virginia's triple-A ratings ahead of today's planned sale of $134 million of general obligation bonds.
The fixed-rate bonds will be sold in two series. The $125 million of series A bonds will finance education and recreational facilities and will refund some 2004 GO bonds. The $8.7 million of series B bonds will refund some 2001 GO bonds. The state has about $5.9 billion of tax-supported debt outstanding.