Summary: Mesa, Arizona; Combined Utility Dec 06

Standard & Poors, December 2006

Abstract
Standard & Poor's Ratings Services assigned its 'A+' rating to the City of Mesa, Ariz.'s $128.1 million utility systems revenue refunding bonds, second series 2006, and affirmed its 'A+' underlying rating (SPUR) on the city's outstanding utility system revenue bonds. The rating reflects the following credit strengths: Strong debt service coverage (DSC) of 5.1x in fiscal 2006, with 2.2x coverage of maximum annual debt service (MADS) and good coverage of 3.6x annual debt service when including city GO debt partially backed by large transfers from the enterprise fund to the general fund; Mesa's ('AA-' GO rating) continued strong economic base, with access to the greater Phoenix and Maricopa local economies; A diverse mix of revenues from the city's five utility...

Companies mentioned in this report are: Mesa
Action: Affirmed
Action: New Rating

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.

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.

Mesa

Customers who bought this item also bought

• 2012 America's Neighborhoods-Zip Code 85201 for Mesa, AZ report
• 2012 America's Neighborhoods-Zip Code 85204 for Mesa, AZ report
• 2012 America's Neighborhoods-Zip Code 85207 for Mesa, AZ report
• 2012 America's Neighborhoods-Zip Code 92626 for Costa Mesa, CA report
• 2012 America's Neighborhoods-Zip Code 92627 for Costa Mesa, CA report
• Venezuela Defence and Security Report 2013
• Commercial Unmanned Aerial Systems (UAS): Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• First Responder, Border Patrol, Homeland Security, Law Enforcement, and Security Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• Military Ground Robot Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018
• Unmanned Aerial Systems (UAS): Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018