Sacramento Mun Util Dist, CA Senior-Lien Rev Bond Rating, SPUR Raised To 'A+'; Subordinate-Lien Bond SPUR Raised To 'A' Apr 09

Standard & Poors, April 2009

Abstract
SAN FRANCISCO (Standard & Poor's) April 28, 2009--Standard & Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'A+' from 'A' on Sacramento Municipal Utility District (SMUD), Calif.'s outstanding senior-lien revenue bonds, and raised its SPUR to 'A' from 'A-' on the district's outstanding subordinate-lien revenue bonds. In addition, Standard & Poor's assigned its 'A+' rating to SMUD's $200 million series 2009V senior-lien electric revenue bonds. The outlook is stable. "The raised ratings reflect our view of the district's continued strong and stable financial performance, its demonstrated willingness and ability to adjust rates to recover costs and maintain strong margins, its favorable resource portfolio, and its significant rate flexibility," said Standard & Poor's credit analyst Paul Dyson. In...

Companies mentioned in this report are:
- Sacramento Mun Util Dist

Action: New Rating
Action: Upgraded

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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.

- Sacramento Mun Util Dist

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