| Title: | Sacramento Suburban Water District, California; Joint Criteria; Water/Sewer |
| Price: | $400.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard and Poor's Ratings Services raised its underlying rating (SPUR) to 'AA' from 'A' on the Sacramento Suburban Water District, Calif.'s outstanding 2004 auction rate water revenue bonds. In addition, Standard&Poor's assigned its 'AAA/A-1+' rating and 'AA' underlying rating (SPUR) to the series 2008A-1 and its 'AAA/A-1' rating and 'AA' SPUR to the district's series 2008A-2 adjustable rate refunding certificates of participation (COPs). Finally, Standard&Poor's assigned its 'AA' rating to the district's 2005B fixed rate bonds. The long-term component of the series 2008A-1 rating reflects the strength of the joint support of the Sacramento Suburban Water District's creditworthiness and the enhancement in the form of a letter of credit (LOC) provided by Dexia Credit Local (AA/A-1+). |
| Brief Excerpt: | RESEARCH Ratings Definitions Sacramento Suburban Water District, California; Joint Criteria; Water/Sewer Publication date: ##-May-#### Primary Credit Analyst: Lisa Schroeer, San Francisco (#) ###-###-####; lisa_schroeer@standardandpoors.com... |
| Word Count: | 1740 |
| Issuer: | Sacramento Suburban Wtr Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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