Manassas City officials today are heralding the city’s new AAA bond rating.
More in a press release:
Standard and Poors Global Ratings has raised its long-term rating on the City of Manassas’ general obligation debt to AAA from AA+. The City of Manassas also received a AAA rating on long-term 2016 general obligation public improvement and refunding bonds. S&P Global stated that the outlook on all of the City of Manassas ratings are stable.
“I am very proud of the improvements that the City has made over the past three years. These have resulted in this upgrade of our bond rating,” said City Manager W. Patrick Pate. “This rating is an affirmation of the economic vitality of our community along with the positive changes that have been made in our financial and budget policies, practices and performance. These efforts are having the intended results of providing tangible savings to our citizens and show our continued commitment to our residents.”
The AAA bond rating helps the City of Manassas save money both with new bonds and potential refunding bond sales. The AAA Bond Rating is the highest bond rating given by S&P and the first time the City of Manassas has received this designation. The City plans to use proceeds of the bonds sold to finance the costs of capital improvement projects, including the acquisition, construction, extension, renovation and equipping of public school, public safety, utility and general governmental improvements.
The city joins neighboring Prince William County which announced one year ago that it had achieved AAA bond status from three major credit rating firms.
Recent Stories
Rappahannock Education Farm (REF) Manager Rich Larochelle said he and a squad of volunteers prepped a 360-square-foot plot of Fredericksburg farmland to plant hundreds of seeds of produce last week.
Stafford County Sheriff is asking for public assistance in investigating an April 12 shooting.
On April 13 at 8:12 p.m., officers responded to the Walmart located at 14000 Worth Avenue in Woodbridge to investigate an unattended child.
The Stafford County Sheriff’s Office needs your help identifying this individual involved in a recent larceny in Stafford Market Place.
Are you feeling overwhelmed by life’s challenges? Do stress and anxiety seem to dominate your thoughts? At Peaceful Mind Solutions, we understand that navigating mental health can be daunting, but you don’t have to do it alone.
Our team of compassionate therapists is here to guide you on your journey toward inner peace and emotional well-being. With a client-centered approach, we tailor our therapy sessions to meet your unique needs and goals. Whether you’re struggling with depression, coping with trauma, or simply seeking personal growth, we provide a safe and supportive space for healing and growth.
Embark on a path of self-discovery with our comprehensive range of therapy services, including cognitive-behavioral therapy, mindfulness practices, and holistic approaches. Our experienced therapists are dedicated to helping you cultivate resilience, develop coping skills, and foster a greater sense of self-awareness.
Are you facing life’s challenges, feeling overwhelmed, or seeking personal growth? Embrace the path to emotional well-being with our expert psychotherapy services!
Why Choose Us?
Our team of compassionate and experienced psychotherapists is here to guide you on your journey to inner peace, self-discovery, and positive change. We provide a safe and supportive environment where you can explore your thoughts and feelings without judgment.
Free Irish Music Concert
Welcoming Spring with music from the Emerald Isle, the New Dominion Choraliers offer a FREE concert on Saturday, April 27 at 7:30 p.m. at the First United Presbyterian Church of Dale City.
Joined by Legacy Brass and members of Old
Spring Ceili: An Irish Music Festival
The New Dominion Choraliers of Prince William County and McGrath Morgan Academy of Irish Dance invite you to join them at our Ceili, a grand celebration of Irish music and dance.
A gathering of performance groups throughout Prince William County
