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Clayton County Water Authority, Georgia; Utility, Water/Sewer Feb 06
Standard & Poors, February 2006
Standard & Poor's Ratings Services assigned its 'AA' rating to Clayton County Water Authority, Ga.'s water and sewage refunding revenue bonds, series 2006, and affirmed its 'AA' rating on the Authority's revenue debt. The 'AA' rating reflects the Authority's: Participation in the strong and diverse Atlanta MSA; Solid historical coverage of annual and maximum debt service by pledged revenues; Ample water capacity; Average water and sewer rates, compared regionally, coupled with a history of timely rate increases; and Good management practices, including multiyear planning to address the service area's needs. A first lien on the utility system's net revenues secures the bonds. Proceeds will be used to current refund all of the Authority's outstanding series 1996 bonds on May 1,...
Companies mentioned in this report are: Clayton Cnty Wtr Auth
Action: New Rating
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.
Research Type: Full Analysis
Clayton Cnty Wtr Auth