|
|
 |
|
Viewing report
|
|
|
|
Autauga County Water Authority, AL's Series 2012 Bonds Rated 'A' On Stable And Diverse Customer Base Jan 12
Standard & Poors, Jan 2012
Abstract
DALLAS (Standard & Poor's) Jan. 4, 2012--Standard & Poor's Ratings Services has assigned its 'A' long-term rating, and stable outlook, to Autauga County Water Authority, Ala.'s series 2012 water revenue bonds. 'The 'A' rating and stable outlook reflects our assessment of the water system's primarily residential, stable, and diverse customer base, which provides adequate debt service coverage,' said Standard & Poor's credit analyst Scott Sagen. 'We believe the authority's willingness to raise water rates over the past two years combined with its limited additional debt plans will help preserve the adequate coverage,' said Mr. Sagen. In addition, the rating reflects Standard & Poor's view of the system's: Access to the Montgomery metropolitan statistical area's diversified economic base; Good income levels;...
Companies mentioned in this report are: Autauga Cnty Wtr Auth
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
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.
|
|
|
|
