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
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: 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. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.