Title:

Louisville And Jefferson County Metropolitan Sewer District, KY Debt Rating Raised To 'AA-'

Price:$100.00
Publication Date:May 01, 2008
Report Type:News
Abstract:CHICAGO (Standard&Poor's) May 1, 2008--Standard&Poor's Ratings Services has raised its standard long-term rating and underlying rating (SPUR) on Louisville and Jefferson County Metropolitan Sewer District, Ky.'s sewer and drainage system revenue debt to 'AA-' from 'A', reflecting a system that has maintained adequate solid coverage of annual debt service, even though it has come down in recent years, with solid liquidity levels in light of the fact it has begun serving the expected needs of a recently signed consent decree with the Environmental Protection Agency (EPA). At the same time, the rating service assigned its 'AA-' rating to the district's $105 million sewer and drainage system revenue bonds series 2008A. The 'AA-' rating is based on
Brief Excerpt:RESEARCH Ratings Definitions Louisville And Jefferson County Metropolitan Sewer District, KY Debt Rating Raised To '##-' Publication date: ##-May-#### Primary Credit Analyst: Corey Friedman, Chicago (#) ###-###-####; corey_friedman@standardandpoors.com...
Word Count:692
Issuer:Louisville&Jefferson Cnty Metro Swr Dist
Sector:Public Finance
Country:United States
Region:United States
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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.

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