- Published: March 2011
- Region: Indonesia
Rating Raised To 'A+' On Salinas, CA's Sanitary Sewer System Revenue Bonds Feb 12
- Published: February 2012
- Standard & Poors
SAN FRANCISCO (Standard & Poor's) Feb. 2, 2012-- Standard & Poor's Ratings Services raised its long-term rating to 'A+' from 'A' on the City of Salinas, Calif.'s series 1998 sanitary sewer system revenue bonds. At the same time, Standard & Poor's assigned its 'A+' long-term rating to the city's series 2012 sanitary sewer system revenue bonds. The outlook on all ratings is stable. "The raised raising reflects our view of the sewer system's increase in debt service coverage levels in fiscals 2010 and 2011, strong cash position, and adopted multi-year rate increases," said Standard & Poor's credit analyst Robert Hannay. "Further supporting the rating is the collection-only nature of the sewer system, with all wastewater treated at a regional facility,"...
Companies mentioned in this report are: Salinas
Action: New Rating
Action: Outlook: Stable
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Research type: News
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