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San Antonio, Texas; CP; Water/Sewer Jan 12
Standard & Poors, January 2012
Standard & Poor's Ratings Services has assigned its 'AA' rating, with a stable outlook, to San Antonio, Texas' series 2012 water system revenue refunding bonds. Additionally, Standard & Poor's has affirmed its 'AA' senior-lien and 'AA-' junior-lien ratings on the system's bonds outstanding. Standard & Poor's has also affirmed its 'A-1+' rating on San Antonio's series A water system commercial paper (CP) notes based on the water system's strong general creditworthiness. The ratings reflect our assessment of: The broad and diversified service area that encompasses most of the city of San Antonio ('AAA' GO rating), Management's ability to maintain good coverage levels and strong liquidity, coupled with the development of a long-range capital and financial plan, and Competitive water and...
Companies mentioned in this report are: San Antonio
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: Full Analysis