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
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