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Massachusetts Water Resources Authority; Revenue - Utility, Water/Sewer Feb 00 Product Image

Massachusetts Water Resources Authority; Revenue - Utility, Water/Sewer Feb 00

  • Published: February 2000
  • Standard & Poors

Abstract
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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- Massachusetts Wtr Resources Auth

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