Summary: Massachusetts Water Resources Authority; Joint Criteria; Water/Sewer Feb 13
- ID: 2417026
- February 2013
- Region: Massachusetts
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AA+' rating to Massachusetts Water Resources Authority's (MWRA) series 2013A general revenue refunding bonds. We also affirmed the following ratings: The 'AA+' long-term rating and Standard & Poor's underlying rating (SPUR) on various series of MWRA's senior-lien debt, The 'AA' long-term rating and SPUR on various series of MWRA's subordinate-lien debt, The 'AAA' long-term rating on various series of subordinate-lien debt jointly secured by MWRA and a letter of credit provider, and The 'A-1+' and 'A-1' short-term ratings on various series of subordinate-lien debt where the ratings are based on the short-term rating on the counterparty providing liquidity support. The outlook on the bonds is stable, except for when joint criteria has...
Companies mentioned in this report are:
- Massachusetts Wtr Resources Auth
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 >