Independent Registered Municipal Advisor (IRMA) Exemption Letter
Bond Investor Information and Official Statements
The Finance Department, per statutory requirement, produces an Official Statement in support of Prince William County’s bond issuances. This document contains complete details of the bond issue, as well as comprehensive information about Prince William County, its citizens and its governance.
The Virginia Public School Authority, Prince William County Series 2015 Official Statement Dated July 14, 2015 is now available for viewing by using the following link:
Virginia Public Schools Authority Prince William County Series 2015 Official Statement
Prince William County was upgraded to AAA by Fitch Rating in 2004, by Moody's Investors Service in 2010 and by Standard & Poor's in 2011. Prince William County is one of only 0.4% (72 of 17,669) of local governments which has achieved top ratings from all three agencies. Prince William County’s AAA bond ratings from all three major rating agencies were reaffirmed for the July and August 2015 Bond Sales. Prince William County was upgraded to AAA by Fitch Rating in 2004, by Moody's Investors Service in 2010 and by Standard & Poor's in 2011. Prince William County is one of only 45 Counties in the entire nation which has achieved top ratings from all three agencies; and including states and cities, Prince William County is one of only 90 jurisdictions nationwide with this prestigious designation.
"Management has institutionalized, prudent financial and debt management policies that are consistently adhered to. Reserve levels and financial flexibility remain sound, supported by prudent fiscal policies and multi-year planning.” - Fitch
“The Aaa rating reflects the county’s sizable, wealthy tax base, strong financial flexibility supported by effective management and ample liquidity, and manageable debt burden.” – Moody’s
"The stable outlook reflects Standard & Poor's opinion of the county's consistent strong financial management, resulting in consistent operations and what we view as strong reserves throughout the recession and a sizable and diverse property tax base. The county’s strong wealth and incomes, continued economic development, and participation in the diverse Washington metropolitan area underscore rating stability. We are unlikely to revise the rating within the outlook’s two-year-horizon."
- Standard and Poor's