- Language: English
- Published: November 2012
- Region: California
Summary: Metropolitan Water District of Southern California; Water/Sewer Dec 10
- ID: 1818983
- December 2010
- Region: California
- Standard & Poors
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: New Rating
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 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. SHOW LESS READ MORE >