|
|
 |
|
Viewing report
|
|
|
|
California Department of Water Resources' Water System Revenue Bonds Series X&Y Rated 'AA' Mar 02
Standard & Poors, March 2002
Abstract
NEW YORK (Standard & Poor's) March 6, 2002-Standard & Poor's assigned its double-'A' ratings to California Department of Water Resources' $232.31 million water system revenue bonds (Central Valley project) series X due Dec. 1, 2002-2022 and 2029 and $305.055 million water system revenue bonds (Central Valley project) series Y due Dec. 1, 2003, 2007-2019, and 2025. The bonds are scheduled to sell March 7, 2002. The outlook is stable At the same time, Standard & Poor's affirmed its double-'A' rating and underlying rating (SPUR) on the department's approximately $2.3 billion of outstanding water revenue debt. The rating reflects: -- The strength of the department's 29 public agency water contractors; -- The essentiality of the state water project, which supplies water...
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.
|
|
|
|
