- Language: English
- Published: November 2012
- Region: Hungary
Summary: Redwood City Public Financing Authority, California; Water/Sewer Sep 11
- Published: September 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' underlying ratings (SPURs) on Redwood City Public Financing Authority, Calif.'s water revenue bonds, issued for Redwood City's water system. The outlook on all ratings is stable. The rating reflects our view of the system's: Wealthy, built-out service area that participates in the San Francisco Bay Area regional economy; History of increasing water rates annually; and Strong liquidity position with unrestricted cash and investments totaling $16.5 million at fiscal-year-end 2011 (June 30, 2011), representing about 310 days' of operating expenses. These strengths are partially offset by our view of the system's: Reliance on the San Francisco Public Utilities Commission (SFPUC) for the majority of its water supply, exposing it to increasing wholesale water...
Companies mentioned in this report are: Redwood City Pub Fincg Auth
Action: Outlook: Stable
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Redwood City Pub Fincg Auth