0 CHECKOUT

Summary: Mukilteo Water and Wastewater District, Washington; Water/Sewer Mar 12

  • ID: 2085386
  • March 2012
  • Region: Washington
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to Mukilteo Water and Wastewater District, Wash.'s 2012 water and wastewater revenue bonds. At the same time, we affirmed our 'AA+' long-term rating on the district's series 2008 water and wastewater improvement and refunding revenue bonds. The rating reflects our view of the district's: A primarily residential and stable customer base that is nearly built-out; Convenient access to the diverse Puget Sound economy, with very strong income indicators; Very strong annual senior-lien debt service coverage of 3.0x in 2010 and 2011, based on unaudited financial estimates; Adequate water supply and wastewater system capacity to meet current average and peak demand requirements; and Extremely strong unrestricted cash reserves, with...

Companies mentioned in this report are:
- Mukilteo Wtr and Wastewtr Dist

Action: Affirmed
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. READ MORE >

Note: Product cover images may vary from those shown

- Mukilteo Wtr and Wastewtr Dist

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

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

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