San Diego County Water Authority, California; CP; Note; Water/Sewer Jun 11
Standard & Poors, June 2011
Abstract
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 (COPs). The ratings reflect our view of the authority's: Critical role in the San Diego area 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 debt service coverage (DSC)...
Companies mentioned in this report are:
- San Diego Cnty Wtr Auth
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
- San Diego Cnty Wtr Auth
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