Summary: Camrosa Water District Financing Authority, California, Camrosa Water District; Water/Sewer Feb 12
- Language: English
- Published: February 2012
- Region: California
The rating on Massachusetts Water Resources Authority's bonds reflects: Substantial completion (98%) of the single-largest project ($3.43 billion) related to the Boston Harbor cleanupThe Deer Island Wastewater Treatment Plant. This limits the potential for increased project costs and allows for more realistic assumptions of future revenue requirements; Continued progress of financing the construction of mandated projects at lower-than-anticipated costs due to strong management and fortuitous inflation and interest rate environments; Still high but lower-than-projected retail rate needs; Annual state support, including a direct debt service subsidy for both sewer and water projects, and local tax raising flexibility; Strong management, which has generated strong reserves and solid liquidity; Very strong collection enforcement mechanisms, including state aid intercept and proactive, beneficial federal...
Companies mentioned in this report are:
- Massachusetts Wtr Resources Auth
Action: New Rating
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Research Type: Full Analysis