• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Erie Sewer Authority, Pennsylvania; Water/Sewer Nov 09 Product Image

Summary: Erie Sewer Authority, Pennsylvania; Water/Sewer Nov 09

  • Published: November 2009
  • Region: Pennsylvania
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A-' rating to Erie Sewer Authority, Pa.'s 2009A revenue bonds, reflecting the system's, and consequently the authority's, historically stable financial operations. Standard & Poor's also affirmed its 'A-' rating on the authority's revenue bonds outstanding. The outlook on all ratings is stable. The rating further reflects, in our opinion, the authority's: Adequate debt service coverage and liquidity Declining sales, offset by a stabilizing residential base and bulk agreements with several municipalities and no regional competition; Dependence on the city to increase rates, which it has done sparingly in recent years and will need to raise if the system is to implement its proposed 10-year capital improvement plan (CIP); and Moderately high net...

Companies mentioned in this report are: Erie Swr Auth
Action: Affirmed
Action: New Rating

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 READ MORE >

Erie Swr Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS