Summary: Calleguas-Las Virgenes Public Financing Authority, California Calleguas Municipal Water District; Joint Criteria May 11
- ID: 1753881
- May 2011
- Region: California
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' rating on Calleguas-Las Virgenes Public Financing Authority, Calif.'s (Calleguas Municipal Water District) revenue bonds due to the bank facility being extended to April 24, 2016. The long-term component of the rating is based jointly (assuming low correlation) on the rating of the obligor, Calleguas Municipal Water District, and the letter of credit provider, Wells Fargo Bank N.A. The short-term component of the rating is based solely on Wells Fargo Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 Criteria: Joint Support Criteria Update, April 22, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007...
Companies mentioned in this report are: Calleguas Mun Wtr Dist,Calleguas-Las Virgenes Pub Fing Auth
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