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Riverton, UT's Series 2011 Water Revenue Refunding Bonds Assigned 'AA' Rating; Outlook Stable Nov 11
Standard & Poors, November 2011
SAN FRANCISCO (Standard & Poor's) Nov. 15, 2011--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Riverton, Utah's $4.365 million series 2011 water revenue refunding bonds. The outlook is stable. "The rating reflects our view of the water system's primarily residential and growing service area, ample water supply, willingness to raise rates, and low debt burden and lack of additional debt issuance plans," said Standard & Poor's credit analyst Paul Dyson. We understand that officials plan to use series 2011 bond proceeds to refund the city's series 2003 water revenue bonds. The stable outlook reflects our view of the system's diverse and steadily growing customer base, its ties to the greater Salt Lake City metropolitan statistical area and...
Companies mentioned in this report are: Riverton
Action: New Rating
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.
Research type: News
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