- Published: May 2012
Summary: Modesto Irrigation District, California; Retail Electric Jul 11
- Published: July 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Modesto Irrigation District, Calif.'s $109.11 million series 2011A and $18.46 million series 2011B (taxable) electric system revenue refunding bonds. Standard & Poor's also affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's previously issued bonds and on the Modesto Irrigation District Financing Authority, Calif.'s parity debt issued on behalf of the district. The outlook on all ratings is stable. The ratings reflect our view of the district's: Diverse and relatively stable service area economy that retains a strong core of agricultural employers; Diverse supply of owned, generated, and purchased power resources, including a growing renewable energy component that totals 26% of all resources, up from 18%...
Companies mentioned in this report are: Modesto Irr Dist,Modesto Irr Dist Fin Auth
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 >
Modesto Irr Dist,Modesto Irr Dist Fin Auth
|Electronic||The report will be emailed to you.|