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Issuer Type: Public Higher Education
21st Century College and Equipment Program
Public Higher Education Financing Program (Pool Program)
Welcome to the Virginia College Building Authority’s (VCBA) investor website. We appreciate your interest in VCBA bonds and your investment in the future of our Commonwealth. Your investment is supporting a wide range of higher education projects. Just as you believe these projects are important and worthy of your capital investment, we believe it is important to provide you with a website designed to facilitate the disclosure of documents and other information you might appreciate as you monitor your investment.
Thank you for visiting our VCBA investor portal. Please explore our main Commonwealth of Virginia site and our General Obligation, Virginia Public Building Authority and Virginia Public School Authority sites. If you have any questions regarding our bond programs, please contact me or my staff.
Manju Ganeriwala, State Treasurer
Summary of Propsed VCBA 21st Century College and Equipment Revenue and Refunding Bonds Series A and Revenue and Refunding Bonds (Taxable) Series B
For Immediate Release: June 8, 2018
Contacts: Office of the Governor: Ofirah Yheskel, Ofirah.Yheskel@governor.virginia.gov
Following budget adoption, agency moves outlook back to stable
RICHMOND—Governor Ralph Northam today issued the following statement regarding S&P Global Ratings’ move to affirm Virginia’s AAA bond rating and upgrade the Commonwealth’s financial outlook to stable. In April 2017, the ratings agency downgraded the Commonwealth’s outlook from stable to negative. The upgrade follows Governor Northam’s adoption of a historic budget that expands Medicaid and allocates more dollars for the state’s primary reserve funds.
“I’m encouraged that the actions we’ve taken to shore up our reserve funds and to finalize a fiscally sound budget have resulted in an upgraded outlook from S&P Global Ratings. This demonstrates the fiscal health of the Commonwealth and affirms the work we have done over the course of the session to ensure our critical AAA bond rating remains intact.
“This is a positive sign for Virginia’s economy and I look forward to continuing to work with the General Assembly to make the Commonwealth work better for every family.”