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Summary: Palm Beach County Solid Waste Authority, Florida; Solid Waste/Resource Recovery Nov 08

  • ID: 1930933
  • November 2008
  • Region: Florida
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services raised its underlying rating (SPUR) on Palm Beach County Solid Waste Authority, Fla.'s improvement revenue debt one notch to 'AA' from 'AA-' based on the authority's financial flexibility and ability to carry out a significant capital improvement plan (CIP) while maintaining affordable assessment rates. The outlook is stable. Standard & Poor's also assigned its 'AA' standard long-term rating, and stable outlook, to the authority's series 2008 improvement revenue bonds. In our opinion, the ratings also reflect the authority's: Revenue mix that relies primarily on assessment fees for two-thirds of its revenues, significantly insulating the system from waste flow fluctuations; Strong operational and financial performance of the authority's integrated solid waste system; and Capital facilities plan...

Companies mentioned in this report are:
- Palm Beach Cnty Solid Waste Auth
- Palm Beach Cnty

Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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Note: Product cover images may vary from those shown

- Palm Beach Cnty Solid Waste Auth
- Palm Beach Cnty

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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