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
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