Summary: Clayton County Water Authority, Georgia; Water/Sewer Sep 11
- ID: 1921938
- September 2011
- Region: Georgia
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating to Clayton County Water Authority, Ga.'s series 2011 water and sewage revenue refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' rating on the authority's previously issued water and sewer revenue bonds. The outlook is stable. From Standard & Poor's perspective, the rating reflects: A service area economy, which participates in the regional Atlanta metropolitan statistical area, High county unemployment and adequate income levels, Sufficient system capacity, Reasonable rates given area income levels, Healthy financial performance characterized by consistently good coverage and liquidity levels during a period of economic slowdown, Low debt-to-plant ratio, and A manageable capital plan to be funded fully through operations and rates....
Companies mentioned in this report are:
- Clayton Cnty Wtr Auth
Action: New Rating
Action: Outlook: Stable
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