Sacramento Municipal Utility District, CA's $150 Million Series 2012L&M Electric Revenue Bonds Assigned 'AAA/A-1' Rating Feb 12

  • ID: 2127246
  • February 2012
  • Standard & Poors
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  • Sacramento Mun Util Dist
  • MORE

NEW YORK (Standard & Poor's) Feb. 15, 2012--Standard & Poor's Ratings Services assigned its 'AAA/A-1' rating to Sacramento Municipal Utility District (SMUD), Calif.'s SMUD's $150 million combined series 2012L and 2012M subordinate-lien electric revenue bonds, based on the application of our low-correlation joint criteria table, on which the SMUD is rated 'A' (subordinate lien) and the letter of credit (LOC) provider, U.S. Bank N.A., is rated 'A/A-1'. Standard & Poor's also affirmed its 'A+' long-term rating and underlying rating (SPUR) on the district's previously issued senior-lien revenue bonds and its 'A' SPUR on the district's previously issued subordinate-lien revenue bonds. The outlook on all ratings is stable. "The ratings reflect our opinion of such factors as the district's demonstrated willingness...

Companies mentioned in this report are:
- Sacramento Mun Util Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Sacramento Mun Util Dist

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