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Summary: Chelan County Public Utility District No.1, Washington; Retail Electric; Wholesale Electric Feb 08
Standard & Poors, February 2008
Standard & Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to Chelan County Public Utility District No. 1, Wash.'s series 2008A consolidated system revenue bonds (subordinate lien). At the same time, Standard & Poor's affirmed its 'AA' long-term rating and 'AA' underlying rating (SPUR), with a stable outlook, on Chelan's existing bonds. The series 2008A bonds are being sold in fixed-rate mode and are taxable, while an upcoming series 2008B bond issue will be sold as variable-rate demand bonds. The 'AA' rating reflects the strong business profile and modest financial risk of the district's consolidated system, which includes its electric, water, and wastewater utility; telecommunications unit; and the Lake Chelan hydroelectric project. The consolidated system is the ultimate...
Companies mentioned in this report are: Chelan Cnty Pub Util Dist #1
Action: New Rating
Action: Outlook: Stable
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Chelan Cnty Pub Util Dist #1