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Summary: Clayton Cnty Wtr Auth, GA; Utility, Water/Sewer Feb 05

  • ID: 2054339
  • February 2005
  • Standard & Poors
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The 'AA' rating on Clayton County Water Authority, Ga.'s water and sewage revenue bonds series 2005 is based upon the authority's: Participation in the strong and diverse Atlanta MSA; Solid historical coverage of annual and maximum debt service by pledged revenues; Competitive water and sewer rates, providing rate flexibility; and Good management practices, including multiyear planning to address the service area's needs. Slightly offsetting these strengths is the authority's limited water supply, which affects all of northern Georgia's utility systems. A first lien on the utility system's net revenues secures the bonds. The 'AA' rating on the authority's outstanding revenue debt has been affirmed. Clayton County, with a population of 253,500, is adjacent to Atlanta, Ga. to the south. Excellent...

Companies mentioned in this report are:
- Clayton Cnty Wtr Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Clayton Cnty Wtr Auth

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