S&P Rates CA Dept of Water Resources' Rev Bnds 'AA' Jul 97
Standard & Poors, July 1997
Abstract
NY -- Standard & Poor's CreditWire 7/30/97 -- Standard & Poor's today has assigned its double-'A' rating to the California Department of Water Resources, Calif.'s $185 million revenue bonds (Central Valley Project Water System) series S due Dec. 1, 2029 and $131 million revenue bonds (Central Valley Project Water System) series T due Dec. 1, 2029. Standard & Poor's has affirmed its double-'A' rating on the department's debt as follows: -- Central Valley Project bonds series A, B, D, and F-M, O-Q; -- Water taxable bonds series C and E; -- Bonds (Devil Canyon & Castaic Facilities) series 1973; and -- Power facilities system (Central Valley Project Water System) bonds series 1986H. Additionally, Standard & Poor's has affirmed its 'A-1'-plus...
Companies mentioned in this report are:
- California Dept of Wtr Resources
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- California Dept of Wtr Resources
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