• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Clayton County Water Authority, Georgia; Water/Sewer Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating to Clayton County Water Authority, Ga.'s water and sewage revenue refunding bonds, series 2012, and affirmed its 'AA+' long-term rating on the authority's existing water and sewer revenue bonds. The outlook is stable. In our opinion, the rating incorporates the authority's: Local service area economy, which participates in the regional Atlanta metropolitan statistical area; High county unemployment and adequate income levels; Ample system capacity; Reasonable rates given area income levels; Healthy financial performance as demonstrated by consistently good coverage and liquidity levels during a period of economic slowdown; Low debt-to-plant ratio; and Manageable capital plan to be funded fully through operations and rates. A first lien on the utility...
Companies mentioned in this report are: Clayton Cnty Wtr Auth
Action: New Rating
Action: Outlook: Stable
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.
Clayton Cnty Wtr Auth