Summary: Loudoun County Sanitation Authority, Virginia; Water/Sewer Sep 10

  • ID: 2088303
  • September 2010
  • Region: Virginia
  • Standard & Poors
1 of 3

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: 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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Loudoun Cnty San Auth

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown




Our Clients

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