Norwalk, IA's Series 2018C Water Revenue Bonds Assigned 'A+' Rating - S&P Global Ratings’ Credit Research

Norwalk, IA's Series 2018C Water Revenue Bonds Assigned 'A+' Rating

Norwalk, IA's Series 2018C Water Revenue Bonds Assigned 'A+' Rating - S&P Global Ratings’ Credit Research
Norwalk, IA's Series 2018C Water Revenue Bonds Assigned 'A+' Rating
Published Jul 12, 2018
Published Jul 12, 2018
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Abstract:

CENTENNIAL (S&P Global Ratings) July 12, 2018--S&P Global Ratings assigned its 'A+' long-term rating to Norwalk, Iowa's series 2018C water revenue bonds. The outlook is stable. Officials intend to use the series 2018C bond proceeds to fund a second water main to the water system for additional capacity and redundancy. "The rating reflects, in our opinion, the combination of a very strong enterprise risk profile and a strong financial risk profile," said S&P Global Ratings credit analyst John Schulz. The enterprise risk profile reflects our view of the water system's: Good economic indicators and participation in a broad and diverse metropolitan statistical area; Very low industry risk as a monopolistic service provider of an essential public utility; Inexpensive rates based

  
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MLA:
S&P Global Ratings’ Credit Research. "Norwalk, IA's Series 2018C Water Revenue Bonds Assigned 'A+' Rating" Jul 12, 2018. Alacra Store. Jul 20, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Norwalk-IA-s-Series-2018C-Water-Revenue-Bonds-Assigned-A-Rating-2070725>
  
APA:
S&P Global Ratings’ Credit Research. (). Norwalk, IA's Series 2018C Water Revenue Bonds Assigned 'A+' Rating Jul 12, 2018. New York, NY: Alacra Store. Retrieved Jul 20, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Norwalk-IA-s-Series-2018C-Water-Revenue-Bonds-Assigned-A-Rating-2070725>
  
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