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Summary: Metropolitan Water District of Southern California; Water/Sewer Dec 10 Product Image

Summary: Metropolitan Water District of Southern California; Water/Sewer Dec 10

  • Published: December 2010
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to the Metropolitan Water District of Southern California's (MWD) $250 million series 2010A water revenue bonds (taxable Build America Bonds, or BABs). At the same time, we affirmed our 'AAA' long-term rating on the district's outstanding parity debt. The ratings reflect our view of the district's: Very large scale of operations as one of the chief suppliers of water to local and regional water utilities in Southern California, serving a combined population of 19 million (about half of the state's population); Critical service nature, with MWD-delivered water accounting for about half of the total water consumed in the region; Well-developed infrastructure that connects MWD's arid service area to the California...

Companies mentioned in this report are:
- Southern California Metro Wtr Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Southern California Metro Wtr Dist

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