• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: Knoxville Util Brd, TN; Utility, Gas Jun 05

  • ID: 2082827
  • June 2005
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AA' rating to the City of Knoxville, Tenn.'s series L-2005 gas system revenue refunding and improvement bonds, issued for the Knoxville Utilities Board (KUB). Additionally, Standard & Poor's affirmed its 'AA' long-term rating and underlying rating on the outstanding debt. The rating reflects the system's: Economically strong and growing service area, which serves as an employment anchor for an eight-county area in eastern Tennessee; Role as the sole distributor of retail gas within its service area; Rate mechanism, which passes through all of its wholesale market exposure monthly; Sound financial position, including good annual debt service coverage (DSC) and strong liquidity policies that mitigate the absence of a debt service reserve, which also...

Companies mentioned in this report are:
- Knoxville Utils Brd

Action: Affirmed
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 READ MORE >

Note: Product cover images may vary from those shown

- Knoxville Utils Brd

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.