Virginia Port Authority Bonds Get High Rating from Fitch

Fitch Ratings assigned an 'AA+' rating to a group of Virginia Port Authority bonds that are expected to be offered Aug. 28, and affirmed the 'AA+' rating on $224.9 million of existing bonds. The bonds are expected to be paid from money appropriated and allocated monthly for such purpose by the state General Assembly, and the rating is one notch below the state's rating.