Summary: Beverly Hills Public Financing Authority, California Beverly Hills; Water/Sewer Oct 11
- ID: 1928337
- October 2011
- Region: California
- Standard & Poors
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
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >