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Las Vegas Valley Water District, NV Limited-Tax GO Bonds Assigned 'AA+' Rating Jul 09 Product Image

Las Vegas Valley Water District, NV Limited-Tax GO Bonds Assigned 'AA+' Rating Jul 09

  • ID: 1785818
  • July 2009
  • Standard & Poors

Abstract
SAN FRANCISCO (Standard & Poor's) July 16, 2009--Standard & Poor's Ratings Services assigned its 'AA+' rating to Las Vegas Valley Water District, Nev.'s $90 million limited-tax general obligation (GO) water bonds, series 2009A (taxable direct-pay Build America Bonds), and its 'AA+' rating to the district's $10 million limited-tax GO water bonds, series 2009B (tax-exempt). At the same time, Standard & Poor's affirmed its 'AA+' long-term rating and underlying rating (SPUR) on the district's outstanding GO bonds. The outlook is stable. "The rating is based on the district's critical role as the sole water wholesale entity serving Nevada's largest metropolitan area," said Standard & Poor's credit analyst Paul Dyson. "We believe that the district will manage through the current economic and...

Companies mentioned in this report are: Las Vegas Vy Wtr Dist
Action: Affirmed
Action: New Rating

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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