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'AA+' Rating Assigned To Metropolitan Water District Of Salt Lake & Sandy, UT's Nearly $111.8 Million Revenue Bonds Jan 12
Standard & Poors, Jan 2012
Abstract
SAN FRANCISCO (Standard & Poor's) Jan. 25, 2012--Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the Metropolitan Water District of Salt Lake & Sandy, Utah's approximately $111.8 million series 2012A water revenue project and refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) on the district's revenue bonds outstanding. The outlook on all ratings is stable. 'The rating reflects our view of the district's diverse revenue mix and the strong credit quality of its two primary customers: Salt Lake City and Sandy City,' said Standard & Poor's credit analyst Robert Hannay. 'Further supporting the rating is our view of the district's strong liquidity position and history of good to...
Companies mentioned in this report are: Metro Wtr Dist of Salt Lake & Sandy
Action: Affirmed
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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