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S&P Credit Research1348 word report
published Dec 16, 2008
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S&P Credit Research
| Abstract: | Standard&Poor's Ratings Services affirmed its 'AA-' long-term rating, and stable outlook, on Santa Fe, N.M.'s water utility/capital outlay gross receipts tax revenue-refunding bonds. The rating reflects our opinion of the system's: Diverse, mostly residential, customer base encompassing the City of Santa Fe; Adequate water rights and system capacity relative to customer demand; Strong debt service coverage (DSC) ratios, bolstered by pledged 0.25% capital outlay gross receipts tax collections; and Strong cash position, with the expectation that a major portion will be drawn upon to assist in funding the city's significant planned water capital projects. These strengths are offset to some degree in our view by a large capital plan, which could increase debt-to-plant ratios, and above-average water rates
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Santa Fe, New Mexico; Water/Sewer Publication date: 16-Dec-2008 Primary Credit Analyst: Sussan Corson, New York (1) 212-438-2014; sussan_corson@standardandpoors.com Secondary Credit Analyst: Misty...
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| Report Type: | Summary
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| Issuer: | Santa Fe
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| Sector: | Global Issuers, Public Finance
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Santa Fe, NM's $55M Water Revenue Bonds Rated 'AA+'; Parity Debt Rating And SPUR Raised To 'AA+' $100.00
SAN FRANCISCO (Standard&Poor's) Oct. 30, 2009--Standard&Poor's Ratings Services assigned its 'AA+' rating to Santa Fe, N.M.'s $55 million water utility/capital outlay gross receipts tax revenue refunding bonds. In addition, we raised the rating ...
- Summary: Santa Fe, New Mexico; Water/Sewer $175.00
Standard&Poor's Ratings Services assigned its 'AA+' rating to Santa Fe, N.M.'s $55 million water utility/capital outlay gross receipts tax revenue refunding bonds. In addition, we raised the rating and underlying rating (SPUR) on Santa Fe's ...
- Santa Fe, NM GRT Debt Upgraded To 'AA+' On Strong Debt Service Coverage $100.00
NEW YORK (Standard&Poor's) Sept. 19, 2008--Standard&Poor's Ratings Services raised its standard long-term rating and underlying rating (SPUR) on Santa Fe, N.M.'s previously issued senior-lien gross receipts tax (GRT) debt to 'AA+' from 'AA'. ...
- Summary: Santa Fe, New Mexico; Sales Tax $175.00
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- Summary: Santa Fe, New Mexico; Letter of Credit $175.00
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- Summary: Santa Fe, New Mexico; General Obligation $175.00
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- Summary: Santa Fe, New Mexico; Sales Tax $175.00
Standard&Poor's Ratings Services affirmed its 'AA-' underlying rating (SPUR) on Santa Fe, N.M.'s series 2006C subordinate-lien gross receipts tax (GRT)/wastewater improvement revenue bonds, and lowered its SPUR on the city's parity series 2005 ...
- Santa Fe, New Mexico; Sales Tax $400.00
Standard&Poor's Ratings Services assigned its 'AA' standard long-term rating, and stable outlook, to Santa Fe, N.M.'s series 2008 gross receipts tax (GRT) refunding revenue bonds and affirmed its 'AA' standard long-term rating and Standard&Poor's ...
