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'AA+' Ratings Assigned To Debt Issued For Marin County Sanitation District No. 5, CA Jan 12
Standard & Poors, Jan 2012
Abstract
SAN FRANCISCO (Standard & Poor's) Jan. 13, 2012--Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the Tiburon/Belvedere Wastewater Financing Authority, Calif.s 2012 revenue bonds, issued for the Marin County Sanitary District No. 5. The outlook is stable. The rating is based on our view of the district's: Stable customer base with very high income levels, Adopted multiyear rate increases, which we anticipate will lead to increased revenues and strong debt service coverage, and A strong unrestricted cash position of about 580 days as of fiscal year-end 2011 (June 30, 2011) based on unaudited financial information. 'We anticipate the district will raise rates annually as adopted in its rate ordinances, generate strong debt service coverage, and maintain a...
Companies mentioned in this report are: Marin Cnty Sanitary Dist #5,Tiburon/Belvedere Wastewtr Fincg 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: 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.
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