Town of Leesburg news releases are automatically archived after 90 days. The website archive includes news releases from 2017 to the present. Older news releases can be found here.
Moody’s Affirms Town of Leesburg’s Aaa Bond Rating
Leesburg, VA (March 22, 2019) – Town of Leesburg officials received notification today that Moody’s released their annual comment on the Town’s credit rating and has affirmed Leesburg as Aaa Stable. Aaa is Moody’s highest rating. The “stable” outlook indicates that they do not have any material concerns about the Town’s financial outlook.
Key drivers in the Aaa rating include “a robust financial position, a very strong wealth and income profile, and an ample tax base,” in addition to the the Town’s affordable debt burden. Moody’s last affirmed Leesburg’s credit rating in April 2018.
“The Moody’s annual comment provides the Town’s taxpayers and investors additional assurance that the Town of Leesburg continues on a path of strong fiscal policy and adherence to sound long-term, fiscal sustainability planning,” said Clark Case, Leesburg’s Director of Finance and Administrative Services.
Public Information Officer