Press Release|Public Finance
KBRA Affirms AAA Rating for City of Winchester, VA General Obligation Bonds; Outlook is Stable
5 Oct 2026 | New York
KBRA affirms the long-term rating of AAA with a Stable Outlook to the City of Winchester, VA General Obligation Bonds.
Key Credit Considerations
The rating was affirmed because of the following key credit considerations:
Credit Positives
- Comprehensive financial policies support strong reserve levels and favorable debt metrics.
- A vibrant local economy supports healthy tax-base growth.
- Manageable fixed-cost burden, including minimal pension and OPEB liabilities.
Credit Challenges
- Modest income and wealth metrics.
Rating Sensitivities
For Upgrade
- Not applicable.
For Downgrade
- An increase in fixed costs without corresponding growth in personal income metrics.
- A sustained decline in available General Fund balances below policy targets.
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