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Chelan County Public Utility District No. 1, Washington; Retail Electric; Wholesale Electric Apr 11
Standard & Poors, April 2011
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: Full Analysis
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Chelan County Public Utility District No. 1 (Chelan or the district), Wash.'s consolidated system revenue bonds, series 2011 A and B. At the same time, Standard & Poor's affirmed its 'AA' rating on Chelan's consolidated system revenue obligations, both senior and subordinate lien. The outlook is stable. The district's net revenue pledge secures the 2011 bonds, which will refinance about $200 million senior bonds outstanding. The ratings reflect our view of the district's strong business risk profile in its consolidated system, which includes its electric, water, and wastewater utility; telecommunications unit; and the Lake Chelan hydroelectric project. In our opinion, key strengths include: Chelan's extremely low rates, which...
Companies mentioned in this report are: Chelan Cnty Pub Util Dist #1
Action: New Rating
Chelan Cnty Pub Util Dist #1