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Summary: District of Columbia Water & Sewer Authority; Water/Sewer Mar 12
Standard & Poors, March 2012
Standard & Poor's Ratings Services raised to 'AA' from 'AA-' its rating on District of Columbia Water & Sewer Authority (DC Water)'s subordinate-lien revenue bonds, and to 'AA+' from 'AA' its rating on the senior-lien revenue bonds. At the same time, we assigned a 'AA' rating to DC Water's series 2012A, series 2012B-1, series 2012B-2, and series 2012C public utility subordinate-lien revenue bonds. The outlook on all ratings is stable. The upgrade is based on DC Water's maintenance of a strong financial profile, even in light of the expected issuance of significant additional debt as the system addresses a number of regulatory mandates. The upgrade affects approximately $1.5 billion of debt. We are maintaining a notch between the senior and...
Companies mentioned in this report are: District of Columbia Wtr & Swr Auth
Action: New Rating
Action: Outlook: Stable
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District of Columbia Wtr & Swr Auth