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Anaheim, CA's Series 2010A And B Canyon Power Project Revenue Bonds Assigned 'AA-' Rating
Standard & Poors, May 2010
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
SAN FRANCISCO (Standard & Poor's) May 21, 2010--Standard & Poor's Ratings Services assigned its 'AA-' rating to Southern California Public Power Authority's (SCPPA) $111.425 million series 2010A Canyon Power Project revenue bonds and its 'AA-' rating to the authority's $179.16 million series 2010B Canyon Power Project revenue bonds (taxable Build America Bonds), both issued for the electric system of the City of Anaheim. Additionally, Standard & Poor's affirmed its 'AA-' issuer credit rating (ICR) on the project; its 'AA-' rating and underlying rating (SPUR) on the city's outstanding first-lien bonds; its 'AA-' rating on Anaheim Public Financing Authority's series 2009A revenue bonds, issued on behalf of the city's electric system; and its 'A+' SPUR on the authority's series 2004 second-lien...
Companies mentioned in this report are: Anaheim,Southern California Pub Pwr Auth,Anaheim Pub Fincg Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable
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