Clark County Public Utility District No.1, Washington; Water/Sewer Jul 08

  • ID: 1804515
  • July 2008
  • Region: Washington
  • Standard & Poors
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Standard & Poor's Ratings Services assigned its 'AA-' rating to Clark County, Public Utility District, No. 1, Wash.'s water system revenue and refunding bonds, series 2008. The rating reflects: Good projected coverage of annual debt service, supported by good historical coverage performance; A mixture of rural and urban customers within Clark County, near the large and diverse Portland, Ore., region; A stable and diverse customer base that is primarily residential; and Low water rates. An offsetting factor is the district's annual need to raise rates around 10% to maintain good coverage. A net revenue pledge secures the bonds. The Clark County Public Utility District No. 1 is located in Clark County, Wash., on the border of Washington and Oregon. The...

Companies mentioned in this report are:
- Clark Cnty Pub Util Dist #1

Action: New Rating

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- Clark Cnty Pub Util Dist #1

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