Summary: Edmond Public Works Authority, Oklahoma; Sales Tax - S&P Credit Research

Summary: Edmond Public Works Authority, Oklahoma; Sales Tax

1397 words — Published Feb 01, 2010
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Abstract:

Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Edmond Public Works Authority (PWA), Okla.'s series 2001, 2003, 2004, and 2005 sales tax and utility system revenue bonds one notch to 'AA-' from 'A+' based on the authority's maintenance of a strong financial position, including, what we believe is, very good debt service coverage, due to the strong sales tax revenue performance pledged to the bonds. The outlook is stable. In fiscal 2009, total sales tax revenues in Edmond, Okla. increased by nearly 7% despite the nationwide recession, as well as roughly 50% over the past five years. The rating also reflects, in our opinion, the authority's: Role as a distributor of competitively priced Oklahoma Municipal Power Authority

  
Brief Excerpt:

RESEARCH Ratings Definitions Summary: Edmond Public Works Authority, Oklahoma; Sales Tax Publication date: 01-Feb-2010 Primary Credit Analyst: Theodore Chapman, Dallas (1) 214-871-1401; theodore_chapman@standardandpoors.com Secondary...

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Credit Research. "Summary: Edmond Public Works Authority, Oklahoma; Sales Tax" Feb 01, 2010. Alacra Store. Apr 18, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Edmond-Public-Works-Authority-Oklahoma-Sales-Tax-772553>
  
APA:
S&P Credit Research. (). Summary: Edmond Public Works Authority, Oklahoma; Sales Tax Feb 01, 2010. New York, NY: Alacra Store. Retrieved Apr 18, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Edmond-Public-Works-Authority-Oklahoma-Sales-Tax-772553>
  
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