• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Lansing Board of Water and Light, Michigan; Combined Utility Apr 07 Product Image

Summary: Lansing Board of Water and Light, Michigan; Combined Utility Apr 07

  • ID: 1804583
  • April 2007
  • Region: Michigan
  • Standard & Poors

FEATURED COMPANIES

  • Lansing Brd of Wtr & Lt
  • MORE

Abstract
Standard & Poor's Ratings Services affirmed its 'AA-' rating and underlying rating (SPUR) on Lansing Board of Water and Light (BWL), Mich.'s water supply, steam, and electric utility system revenue bonds. Factors supporting the ratings include BWL's: Strong coverage of annual debt service and fixed charges; Strong competitive position, highlighted by rates that are well below the state average and the local investor-owned utility; and Role as a regional service provider. Factors representing credit weaknesses include: The recent closing of certain General Motors Corp. (GM) facilities, resulting in reduced steam, sales, and electric loads, the last of which is partially mitigated by sales contracts with GM and the opening of a new plant in Delta Township in 2006; The potential...

Companies mentioned in this report are:
- Lansing Brd of Wtr & Lt

Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the READ MORE >

Note: Product cover images may vary from those shown

- Lansing Brd of Wtr & Lt

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS