Spotsylvania County, VA Economic Development Authority » AA-plus http://americanhosting.us/SpotsyEDA Creating prosperity for Spotsylvania, one business at a time. Mon, 02 Dec 2013 17:34:44 +0000 en-US hourly 1 https://wordpress.org/?v=3.7.41 Spotsylvania sells bonds for record-low rate http://americanhosting.us/SpotsyEDA/?p=221 http://americanhosting.us/SpotsyEDA/?p=221#comments Tue, 24 Jul 2012 12:00:42 +0000 http://spotsylvaniaeda.org/?p=221 Spotsylvania borrowed $17.4 million last week at an interest rate of 1.905 percent, the lowest rate in the county’s history. The county raised the money through a general obligation bond sale July 19.

The money will be used for the planned Virginia Railway Express station and parking area project, and to refinance other debt that carried higher borrowing costs.

Interest rates on highly rated bonds are low in the current economic climate, and Spotsylvania’s high bond rating allows it to take advantage. Fitch Ratings last month upgraded Spotsylvania’s bond rating from AA to AA-plus.

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