Summary: Pittsburgh Water and Sewer Authority, Pennsylvania; Water/Sewer

428 word report published Jul 29, 2009
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Abstract: Standard&Poor's Ratings Services affirmed its 'AAA/A-1' rating on Pittsburgh Water and Sewer Authority, Pa.'s water/sewer subordinated variable rate demand bond series 2008C-1 due to the bank facility being extended to Oct. 11, 2009. The long-term component of the rating is based on Financial Security Assurance Inc. The short-term component of the rating is based on Dexia Credit Local. The negative outlook is based on the outlook of the bond insurer. USPF Criteria: "Bank Liquidity Facilities," June 22, 2007

Brief Excerpt: RESEARCH Ratings Definitions Summary: Pittsburgh Water and Sewer Authority, Pennsylvania; Water/Sewer Publication date: 29-Jul-2009 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standardandpoors.com...

Report Type: Summary
Issuer: Pittsburgh Wtr&Swr Auth
Country: United States
Region: United States
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