San Diego County Water Authority, CA's Series 4-6 CP Notes Assigned 'A-1+' Rating Jun 11

Standard & Poors, June 2011

Abstract
SAN FRANCISCO (Standard & Poor's) June 22, 2011--Standard & Poor's Ratings Services assigned its 'A-1+' short-term rating to the San Diego County Water Authority, Calif.'s $100 million series 4, $100 million series 5, and $50 million series 6 commercial paper (CP) notes. Standard & Poor's also affirmed its 'A-1+' short-term rating on the authority's previously issued CP notes (series 1, 2, and 3) and its 'AA+' long-term rating and underlying rating (SPUR) on the authority's water revenue bonds and water revenue certificates of participation. "The ratings reflect our view of such factors as the authority's critical role as a leading agency in water resource adequacy planning and long-term water infrastructure planning, strong financial policies and board-level commitment to maintaining strong...

Companies mentioned in this report are:
- San Diego Cnty Wtr Auth

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

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- San Diego Cnty Wtr Auth

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