{"id":27090,"date":"2026-06-26T18:29:00","date_gmt":"2026-06-26T16:29:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=d35d9d3aedb6c9783ab661cd4b42b35f"},"modified":"2026-06-26T18:29:00","modified_gmt":"2026-06-26T16:29:00","slug":"kbra-assigns-aaa-rating-to-county-of-chesterfield-va-general-obligation-bonds-series-2026-and-assigns-aa-rating-to-the-economic-dev-authority-of-chesterfield-county-va-revenue-bonds-series-2026","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=27090","title":{"rendered":"KBRA Assigns AAA Rating to County of Chesterfield, VA General Obligation Bonds, Series 2026 and Assigns AA+ Rating to the Economic Dev. Authority of Chesterfield County, VA Revenue Bonds, Series 2026 and Outstanding Parity Bonds"},"content":{"rendered":"<p>\n<b>All With a Stable Outlook<\/b><\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260625590871\/en\/2840095\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260625590871\/en\/2840095\/22\/kbra-logo.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260625590871\/en\/2840095\/5\/kbra-logo.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260625590871\/en\/2840095\/21\/kbra-logo.jpg\" \/><\/a><p>NEW YORK--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/creditratingagency?src=hash\" >#creditratingagency<\/a>--KBRA assigns a long-term rating of AAA to the County of Chesterfield, VA General Obligation Public Improvement Bonds, Series 2026 and assigns a long-term rating of AA+ to the Economic Development Authority of Chesterfield County, VA Revenue Bonds, Series 2026 and assigns a AA+ rating to outstanding appropriation debt. KBRA additionally affirms the long-term rating of AAA on outstanding General Obligation Bonds. All ratings with a Stable Outlook.<\/p><p>\n<strong>Key Credit Considerations<\/strong><\/p><p>\nThe rating actions reflect the following key credit considerations:<\/p><p>\nCredit Positives<\/p><ul class=\"bwlistsquare\">\n<li>\nHealthy finances with consistently positive operating performance.<\/li>\n<li>\nStrong fiscal management policies and oversight.<\/li>\n<li>\nRapidly expanding economy and stability in the tax base.<\/li>\n<\/ul><p>\nCredit Challenges<\/p><ul class=\"bwlistsquare\">\n<li>\nLiability burden, while still manageable, is growing reflecting the County\u2019s growing population and service needs.<\/li>\n<\/ul><p>\n<strong>Rating Sensitivities<\/strong><\/p><p>\nFor Upgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nNot applicable at the AAA rating level.<\/li>\n<\/ul><p>\nFor Downgrade<\/p><ul class=\"bwlistsquare\">\n<li>\nWhile not expected, a considerable drawdown in reserves below the County\u2019s established policy.<\/li>\n<li>\nSignificant contraction in the tax base or local economy.<\/li>\n<\/ul><p>\nTo access ratings and relevant documents, click <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F66475%2Fissuer-ratings&amp;esheet=54560534&amp;newsitemid=20260625590871&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=41e59a747364b4df399d3986d89f601a\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\n<strong>Methodologies<\/strong><\/p><ul class=\"bwlistsquare\">\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FhHSpVTzx&amp;esheet=54560534&amp;newsitemid=20260625590871&amp;lan=en-US&amp;anchor=Public+Finance%3A+U.S.+Local+Government+General+Obligation+Rating+Methodology&amp;index=2&amp;md5=79c68f90cf169df82e63f9118f1efd04\" rel=\"nofollow\" shape=\"rect\">Public Finance: U.S. Local Government General Obligation Rating Methodology<\/a><\/li>\n<li>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fpublications%2FDWKWTCqD&amp;esheet=54560534&amp;newsitemid=20260625590871&amp;lan=en-US&amp;anchor=Public+Finance%3A+U.S.+State+Annual+Appropriation+Obligation+Rating+Methodology&amp;index=3&amp;md5=0334960b204e40447628c81506e2f467\" rel=\"nofollow\" shape=\"rect\">Public Finance: U.S. State Annual Appropriation Obligation Rating Methodology<\/a><\/li>\n<\/ul><p>\n<strong>Disclosures<\/strong><\/p><p>\nA description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Fissuers%2F66475%2Fdisclosures&amp;esheet=54560534&amp;newsitemid=20260625590871&amp;lan=en-US&amp;anchor=here&amp;index=4&amp;md5=74533b11d438b8397deeab933f657519\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nInformation on the meaning of each rating category can be located <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com%2Funderstanding-ratings%2Frating-scales%2Flong-term-credit-rating&amp;esheet=54560534&amp;newsitemid=20260625590871&amp;lan=en-US&amp;anchor=here&amp;index=5&amp;md5=5d2f675ddd6db8b7199c9b86289ed595\" rel=\"nofollow\" shape=\"rect\">here<\/a>.<\/p><p>\nFurther disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.kbra.com&amp;esheet=54560534&amp;newsitemid=20260625590871&amp;lan=en-US&amp;anchor=www.kbra.com&amp;index=6&amp;md5=145ef2d2e77f6ab5a9bf7d83e07f2884\" rel=\"nofollow\" shape=\"rect\">www.kbra.com<\/a>.<\/p><p>\n<strong>About KBRA<\/strong><\/p><p>\nKroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan\u2019s Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S.<\/p><p>\nDoc ID: 1015724<\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<strong>Analytical Contacts<\/strong><\/p><p>\nJoe Plonski, Director (Lead Analyst)\n<br\/>+1 646-731-2353\n<br\/><a  href=\"mailto:joe.plonski@kbra.com\" rel=\"nofollow\" shape=\"rect\">joe.plonski@kbra.com<\/a><\/p><p>\nJoanne Ferrigan, Senior Director\n<br\/>+1 646-731-1455\n<br\/><a  href=\"mailto:joanne.ferrigan@kbra.com\" rel=\"nofollow\" shape=\"rect\">joanne.ferrigan@kbra.com<\/a><\/p><p>\nDouglas Kilcommons, Managing Director (Rating Committee Chair)\n<br\/>+1 646-731-3341\n<br\/><a  href=\"mailto:douglas.kilcommons@kbra.com\" rel=\"nofollow\" shape=\"rect\">douglas.kilcommons@kbra.com<\/a><\/p><p>\n<strong>Business Development Contacts<\/strong><\/p><p>\nWilliam Baneky, Managing Director\n<br\/>+1 646-731-2409\n<br\/><a  href=\"mailto:william.baneky@kbra.com\" rel=\"nofollow\" shape=\"rect\">william.baneky@kbra.com<\/a><\/p><p>\nJames Kissane, Senior Director\n<br\/>+1 646-731-2380\n<br\/><a  href=\"mailto:james.kissane@kbra.com\" rel=\"nofollow\" shape=\"rect\">james.kissane@kbra.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>All With a Stable OutlookNEW YORK&#8211;(BUSINESS WIRE)&#8211;#creditratingagency&#8211;KBRA assigns a long-term rating of AAA to the County of Chesterfield, VA General Obligation Public Improvement Bonds, Series 2026 and assigns a long-term rating of AA+ to the Eco&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27090","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/27090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27090"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/27090\/revisions"}],"predecessor-version":[{"id":27091,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/27090\/revisions\/27091"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}