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Summary: Longview, Texas; Water/Sewer Aug 11
Standard & Poors, August 2011
Standard & Poor's Ratings Services assigned its 'AA-' rating and stable outlook to Longview, Texas' series 2011 waterworks and sewer system revenue refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' rating, with a stable outlook, on the city's existing waterworks and sewer system revenue bonds. The rating reflects our view of the system's: Diverse regional economy without any growth-driven pressures on utility service; Ample long-term water supply to meet current and future demand; and, Limited additional capital needs, with mostly maintenance of efforts projects, likely to be funded on a pay-as-you-go basis for the near term. A somewhat thin financial performance in recent years is a factor that currently limits the rating, although management is expecting...
Companies mentioned in this report are: Longview
Action: New Rating
Action: Outlook: Stable
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