Standard & Poor's Ratings Services has assigned its 'A' rating to Clark County Public Utility District (PUD) No. 1, Wash.'s electric system revenue and refunding bonds, series 2011. At the same time, Standard & Poor's affirmed its 'A' rating on all district bonds outstanding for both the electric and generating systems. The outlook is stable. The ratings reflect our view of the following credit strengths: Marginally adequate debt service and fixed cost coverage levels; Adequate liquidity, highlighted by weak unrestricted cash levels but supplemented by credit lines; The district's robust economic base, without significant concentration in the top 10 customers; A power supply portfolio that features low-cost hydroelectric power from Bonneville Power Administration (BPA) for about 58% of needs, and...
Companies mentioned in this report are:
- Clark Cnty Pub Util Dist #1
Action: New Rating
Action: Outlook: Stable
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