The Mexican Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2011
- Region: Mexico
Standard & Poor's Ratings Services assigned its 'AA-' rating to Imperial Irrigation District (IID), Calif.'s $66 million series 2010A electric revenue refunding bonds and $250 million series 2010B electric system revenue certificates of participation. At the same time, Standard & Poor's raised its rating to 'AA-' from 'A+' on $278 million in debt secured by a net revenue pledge of the electric enterprise. The upgrade reflects our view of improved financial performance supported by financial policies that we believe should allow the district to retain its strong cash and debt service coverage margins. The ratings further reflect our view of: A service area whose growth has been aided by proximity to the U.S.-Mexico border and the expanding resort communities of...
Companies mentioned in this report are: Imperial Irr Dist
Action: New Rating
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.
Research Type: Full Analysis
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Imperial Irr Dist