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Summary: Green Valley Municipal Property Corp., Arizona Green Valley Domestic Water Improvement District; Water/Sewer Feb 12
Standard & Poors, Feb 2012
Abstract
Standard & Poor's Ratings Services has affirmed its 'A+' long-term rating on Green Valley Municipal Property Corp., Ariz.'s series 2003 lease revenue bonds, issued for Green Valley Domestic Water Improvement District, and removed it from CreditWatch with negative implications, where it was placed on Dec. 30, 2011. The outlook is stable. This rating action is being taken because the issuer has supplied, in our view, information of satisfactory quality to maintain our rating in accordance with our applicable criteria and policies. The rating is supported by the following credit factors: A primarily residential- and recreation-based service territory with an adequate water supply; Low rates combined with income levels deemed good; Strong financial performance, in our view; and No additional debt...
Companies mentioned in this report are: Green Vy Dom Wtr Imp Dist,Green Vy Mun Prop Corp
Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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