Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To 'AA-' - S&P Global Ratings’ Credit Research

Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To 'AA-'

Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To 'AA-' - S&P Global Ratings’ Credit Research
Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To 'AA-'
Published Sep 08, 2008
642 words — Published Sep 08, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

DALLAS (Standard&Poor's) Sept. 8, 2008--Standard&Poor's Ratings Services raised its underlying rating (SPUR) on Cedar Hill, Texas' waterworks and sewer bonds to 'AA-' from 'A' based on the system's historically good coverage and healthy customer base expansion. At the same time, Standard&Poor's assigned its 'AA-' standard long-term rating to Cedar Hill's $3 million series 2008 water and sewer system revenue bonds. The outlook on the ratings is stable. A net system revenue pledge secures the bonds. The system's financial operations have historically provided good coverage. Based on fiscal 2007 net system revenues, fiscal 2008 debt service coverage (DSC), which is equal to maximum annual debt service (MADS), is strong at 2.5x annual DSC before transfers.

  
Brief Excerpt:

RESEARCH Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To '##-' Publication date: 08-Sep-2008 Primary Credit Analyst: Brian J Marshall, Dallas (1) 214-871-1414; brian_marshall@standardandpoors.com Secondary Credit Analyst:...

  
Report Type:

Ratings Action

Issuer
Cedar Hill
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Summary: Cedar Hill, Texas; Water/Sewer – 2008/09/10 – US$ 225.00

Cedar Hill, Texas; General Obligation – 2008/09/11 – US$ 500.00

Cedar Hill, Texas; General Obligation – 2011/04/06 – US$ 500.00

Cedar Hill, TX GO Debt Rating Raised To 'AA' – 2008/09/08 – US$ 150.00

Cedar Hill, Texas; General Obligation – 2008/01/15 – US$ 500.00

Cedar Hill, Texas; General Obligation – 2007/09/07 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To 'AA-'" Sep 08, 2008. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cedar-Hill-TX-Water-And-Sewer-Revenue-Bond-Rating-Raised-To-AA-670029>
  
APA:
S&P Global Ratings’ Credit Research. (). Cedar Hill, TX Water And Sewer Revenue Bond Rating Raised To 'AA-' Sep 08, 2008. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cedar-Hill-TX-Water-And-Sewer-Revenue-Bond-Rating-Raised-To-AA-670029>
  
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