Summary: Eugene Water and Electric Board, Oregon; Retail Electric Dec 07

Standard & Poors, December 2007

Abstract
Standard & Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on all of Eugene Water and Electric Board (EWEB), Ore.'s outstanding electric system revenue bonds. The rating reflects the following credit strengths: Continued strong liquidity with in fiscal 2006, with $58 million or 97 days' cash (a seven-year high), and 2007 liquidity estimated at $74 million or 130 days' cash; Continued conservatism in EWEB's forecast assumptions and risk management practices designed to reduce both revenue volatility and uncertainty, including contracts with top customers that are structured to reduce EWEB's operating risks; EWEB's demonstrated commitment to raise rates in order to recover costs, as exhibited by a series of adopted rate increases that took effect beginning in fiscal 2001, with...

Companies mentioned in this report are: Eugene Wtr & Elec Brd
Action: Affirmed

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 credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Eugene Wtr & Elec Brd

Customers who bought this item also bought

• 2012 America's Neighborhoods-Zip Code 97402 for Eugene, OR report
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• College and Career Ready. Helping All Students Succeed Beyond High School
• Global Resource Sharing
• Student Affairs Budgeting and Financial Management in the Midst of Fiscal Crisis. New Directions for Student Services. No. 129. J-B SS Single Issue Student Services
• Pakistan Defence and Security Report Q4 2011
• South Africa Defence and Security Report Q1 2011
• Qualitative Inquiry for Equity in Higher Education: Methodological Innovations, Implications, and Interventions. AEHE, Volume 37, Number 6. J-B ASHE Higher Education Report Series (AEHE)
• Military Microgrids Market Potential
• Fund Governance: Legal Duties of Investment Company Directors.