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Summary: Beverly Hills Public Financing Authority, California Beverly Hills; Water/Sewer Oct 11 Product Image

Summary: Beverly Hills Public Financing Authority, California Beverly Hills; Water/Sewer Oct 11

  • Published: October 2011
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA' rating on Beverly Hills Public Financing Authority, Calif.'s wastewater revenue bonds outstanding, issued for the City of Beverly Hills. The outlook is stable. The ratings reflect our assessment of the system's: Diverse and stable customer base, with primarily residential customers; Strong economic base that includes very high wealth levels; Lack of near-to-medium-term additional bond needs; and Solid finances, with good historical debt service coverage and liquidity. The wastewater system's net revenues secure the bonds. Located 10 miles west of downtown Los Angeles, Beverly Hills (AAA/Stable) is a wealthy city with a highly developed retail base. It has a strong underlying economy, with activity linked to high-end retail and the entertainment industry. In...

Companies mentioned in this report are: Beverly Hills Pub Fincg Auth,Beverly Hills
Action: Affirmed
Action: Outlook: Stable

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Beverly Hills Pub Fincg Auth,Beverly Hills

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