Summary: Pittsburgh Water & Sewer Authority, Pennsylvania; Water/Sewer Mar 12
Standard & Poors, March 2012
Abstract
Standard & Poor's Ratings Services affirmed its 'AA-/A-1' rating on Pittsburgh Water & Sewer Authority, Pa.'s water and sewer first-lien variable-rate demand bonds series 2008D-2, due to the bank facility being extended to Aug. 4, 2014. The long-term component of the rating is based on the rating on Assured Guaranty Municipal Corp. The short-term component of the rating is based on the rating on PNC Bank N.A., Pittsburgh, Pa. The stable outlook is based on the outlook of the insurance provider. USPF Criteria: Bank Liquidity Facilities, June 22, 2007...
Companies mentioned in this report are: Pittsburgh Wtr & Swr Auth
Action: Affirmed
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Pittsburgh Wtr & Swr Auth
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