Summary: Knoxville Util Brd, TN; Public Finance Structured, Insured Liquidity; Utility, Water/Sewer Mar 04
- ID: 2082918
- March 2004
- Standard & Poors
Standard & Poor's Ratings Services raised its standard long-term rating and Standard & Poor's underlying rating (SPUR) on Knoxville, Tenn.'s water system revenue refunding and improvement bonds outstanding, issued for Knoxville Utilities Board (KUB), to 'AA+' from 'AA' based on the system's continued strong financial performance due, in part, to a largely built-out service area. Standard & Poor's also assigned its 'AA+' standard long-term rating, and stable outlook, to the city's $14 million series Q-2004 water system revenue refunding and improvement bonds, issued for the board. The 'AAA/A-1+' rating on the board's series 2000 water system subordinate adjustable-rate revenue notes has been affirmed. The 'AA+' rating also reflects the system's: Economically strong and growing service area, which serves as an...
Companies mentioned in this report are:
- Knoxville Utils Brd
Action: New Rating
Action: Outlook: Stable
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