Metropolitan Water District of Southern California; Water/Sewer Aug 11
Standard & Poors, August 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to the Metropolitan Water District of Southern California's (MWD) $142.725 million series 2011C water revenue refunding bonds. At the same time, we affirmed our 'AAA' long-term rating, 'A-1+' short-term rating, and 'AAA/A-1+' rating (where applicable) on the district's previously issued parity bonds. The outlook on all ratings is stable. 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;...
Companies mentioned in this report are:
- Southern California Metro Wtr Dist
Action: New Rating
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.
Research Type: Full Analysis
- Southern California Metro Wtr Dist
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