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Las Vegas Valley Water District, Nevada; General Obligation Jul 09 Product Image

Las Vegas Valley Water District, Nevada; General Obligation Jul 09

  • ID: 1785819
  • July 2009
  • Region: Nevada
  • Standard & Poors

Abstract
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 ratings reflect our view of: A regional economy with very strong underlying credit fundamentals, including historically robust tax base and employment growth and strong income and wealth indicators; The district's statutory authority to levy an ad valorem tax on property owners in the district's service area, which could provide substantial...

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

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Research Type: Full Analysis

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