| Title: | Summary: Tulare Irrigation District, California; Water/Sewer |
| Price: | $175.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'A+' rating to Tulare Irrigation District, Calif.'s $4.96 million series 2008 water revenue certificates of participation. The rating reflects: A strong market position due to rights to inexpensive water from local and imported water sources; A diverse mix of operating revenues supported by strong local demand for district water; Good finances consisting of high cash reserve levels and debt service coverage; and A service area economic base that is concentrated in the agricultural industry. The certificates are secured by the district's net revenue pledge. Legal provisions include a standard debt service reserve fund, as well as a 110% rate covenant and additional bonds test. The district encompasses 67,000 acres and provides water via |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Tulare Irrigation District, California; Water/Sewer Publication date: ##-May-#### Primary Credit Analyst: Ian Carroll, San Francisco (#) ###-###-####; ian_carroll@standardandpoors.com Secondary... |
| Word Count: | 974 |
| Issuer: | Tulare Irr Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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