Press Release|Public Finance
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; All With a Stable Outlook
25 Jun 2026 | New York
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.
Key Credit Considerations
The rating actions reflect the following key credit considerations:
Credit Positives
- Healthy finances with consistently positive operating performance.
- Strong fiscal management policies and oversight.
- Rapidly expanding economy and stability in the tax base.
Credit Challenges
- Liability burden, while still manageable, is growing reflecting the County’s growing population and service needs.
Rating Sensitivities
For Upgrade
- Not applicable at the AAA rating level.
For Downgrade
- While not expected, a considerable drawdown in reserves below the County’s established policy.
- Significant contraction in the tax base or local economy.
To access ratings and relevant documents, click here.