Summary: Loudoun County Sanitation Authority, Virginia; Water/Sewer Sep 10
- ID: 2088303
- September 2010
- Region: Virginia
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Loudoun County Sanitation Authority, Va.'s series 2010A water and sewer system revenue refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the authority's existing revenue debt. In our opinion, the rating reflects the system's: Service area that supports a rapidly growing, diverse, and affluent Loudoun County ('AAA' general obligation (GO) debt rating); Ample capacity in both the water and wastewater systems; Affordable rates, autonomous rate-setting ability, and recently implemented multiyear rate increase; Strong finances with debt service coverage (DSC) in excess of 2x; Sound legal provisions and a conservative liquidity policy to maintain reserves equal to two or three times operating expenses; Well-seasoned, experienced...
Companies mentioned in this report are:
- Loudoun Cnty San Auth
Action: New Rating
Action: Outlook: Stable
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