Press Release|Public Finance
KBRA Assigns AAA Rating to County of Chesterfield, VA General Obligation Bonds, Series 2025A and 2025B; Outlook Stable
23 Jun 2025 | New York
KBRA assigns a AAA rating, Stable Outlook to County of Chesterfield General Obligation Public Improvement Bonds Series 2025A and General Obligation Refunding Bonds Series 2025B. Concurrently, KBRA assigns a AAA rating, Stable Outlook to outstanding parity General Obligation Bonds.
Key Credit Considerations
The ratings 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.
Click here to view the report.