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Clark County Public Utility District No.1, Washington; Water/Sewer Jul 08
Standard & Poors, July 2008
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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Research Type: Full Analysis
Clark Cnty Pub Util Dist #1