- Language: English
- Published: November 2013
- Region: Singapore
Summary: Erie Sewer Authority, Pennsylvania; Water/Sewer Nov 09
- Published: November 2009
- Region: Pennsylvania
- Standard & Poors
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: 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 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Erie Swr Auth