Summary: Jordan Valley Water Conservancy District, Utah; Water/Sewer Feb 13
- ID: 2394245
- February 2013
- Region: Jordan, Utah
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Jordan Valley Water Conservancy District, Utah's series 2013A water revenue refunding bonds. At the same time, we affirmed our 'AA+' long-term rating and underlying rating (SPUR) on the district's parity debt. The outlook is stable. The ratings continue to reflect our view of the district's: Broad service area, which includes most of Salt Lake County; Currently adequate water supply and treatment capacity, combined with long-term planning to support customer growth; Take-or-pay agreements with its wholesale customers that are typically perpetual in nature and provide the district with flexibility to raise rates as necessary; Diverse revenue sources used to support operations, including system rates and a property tax levy; Solid...
Companies mentioned in this report are:
- Jordan Vy Wtr Conservancy 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.
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 >