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: 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. SHOW LESS READ MORE >