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Lower Colorado River Authority Transmission Corp., Texas; CP; Wholesale Electric Apr 10 Product Image

Lower Colorado River Authority Transmission Corp., Texas; CP; Wholesale Electric Apr 10

  • ID: 1931038
  • April 2010
  • Region: Colorado , Texas
  • Standard & Poors

FEATURED COMPANIES

  • Lower Colorado River Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating, and stable outlook, to Lower Colorado River Authority Transmission Corp. (TSCorp.), Texas' series 2010 transmission contract refunding and improvement revenue bonds. TSCorp. is an obligated affiliate of Lower Colorado River Authority (LCRA). At the same time, Standard & Poor's affirmed its 'A' long-term rating and underlying rating (SPUR), with a stable outlook, on LCRA's revenue bonds. Standard & Poor's uses a consolidated rating methodology in assigning its 'A' rating to LCRA's and TSCorp.'s bonds based on a variety of structural interdependencies that exist between the two. (For more information, please see the article titled, "Credit FAQ: Lower Colorado River Authority And Transmission Services Corp.'s Consolidated Debt Ratings," published on RatingsDirect...

Companies mentioned in this report are:
- Lower Colorado River Auth Transmission Corp
- Lower Colorado River Auth

Action: New Rating

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.

Research Type: Full Analysis

- Lower Colorado River Auth Transmission Corp
- Lower Colorado River Auth

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