Standard & Poor's Ratings Services has affirmed its 'AAA' rating on the Beverly Hills Public Financing Authority, Calif.'s water revenue bonds outstanding, issued for the City of Beverly Hills. The outlook is stable. The ratings reflect our assessment of the following credit strengths: A diverse and stable customer base with primarily residential customers; A strong economic base with very high wealth and income levels; Affordable-but-rising rates with expected increases; and Good to strong debt service coverage (DSC) and strong liquidity. The water 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 economic activity linked to...
Companies mentioned in this report are: Beverly Hills Pub Fincg Auth,Beverly Hills
Action: Outlook: Stable
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