San Antonio, Texas; Water/Sewer Nov 10
- ID: 1887494
- November 2010
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA' rating, with a stable outlook, to San Antonio, Texas' series 2010A and 2010B water system revenue bonds. At the same time, we have assigned our 'AA-' rating to San Antonio's series 2010A water system junior-lien revenue and refunding bonds, secured by a junior-lien pledge of net revenues of the water system. In addition, Standard & Poor's affirmed its ratings on the system's senior- and junior-lien bonds outstanding. The junior-lien bonds are expected to be sold to the Texas Water Development Board. The ratings reflect our assessment of: The broad, diversified, and growing service area that encompasses most of the city of San Antonio ('AAA' GO rating), Management's ability to maintain good...
Companies mentioned in this report are:
- San Antonio
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