Colorado Water Resources and Power Development Authority Series 2024A And B Revenue Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research

Colorado Water Resources and Power Development Authority Series 2024A And B Revenue Bonds Rated 'AAA'

Colorado Water Resources and Power Development Authority Series 2024A And B Revenue Bonds Rated 'AAA' - S&P Global Ratings’ Credit Research
Colorado Water Resources and Power Development Authority Series 2024A And B Revenue Bonds Rated 'AAA'
Published Apr 25, 2024
2 pages (1167 words) — Published Apr 25, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) April 25, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Water Resources and Power Development Authority's approximately $44.670 million series 2024A and 2024B state revolving fund (SRF) revenue bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term ratings on the authority's clean and drinking water debt outstanding. The outlook is stable. "The 'AAA' rating reflects our opinion of the program's extremely strong enterprise risk profile because the pool, which was established by statute, has ongoing, multiple levels of government support," said S&P Global Ratings credit analyst Autumn Mascio. Also supporting the rating is the authority's extremely strong financial risk profile, reflecting its loss coverage score, operating performance, and financial

  
Brief Excerpt:

...April 25, 2024 NEW YORK (S&P Global Ratings) April 25, 2024--S&P Global Ratings assigned its '###' long-term rating to the Colorado Water Resources and Power Development Authority's approximately $44.670 million series 2024A and 2024B state revolving fund (SRF) revenue bonds. At the same time, S&P Global Ratings affirmed its '###' long-term ratings on the authority's clean and drinking water debt outstanding. The outlook is stable. "The '###' rating reflects our opinion of the program's extremely strong enterprise risk profile because the pool, which was established by statute, has ongoing, multiple levels of government support," said S&P Global Ratings credit analyst Autumn Mascio. Also supporting the rating is the authority's extremely strong financial risk profile, reflecting its loss coverage score, operating performance, and financial policies. The stable outlook reflects S&P Global Ratings' expectation that cash flow generated from loan revenue, reserve funds, and investment earnings...

  
Report Type:

Ratings Action

Issuer
Colorado Water Resources and Power Development Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Colorado Water Resources and Power Development Authority Series 2024A And B Revenue Bonds Rated 'AAA'" Apr 25, 2024. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Colorado-Water-Resources-and-Power-Development-Authority-Series-2024A-And-B-Revenue-Bonds-Rated-AAA-3158292>
  
APA:
S&P Global Ratings’ Credit Research. (). Colorado Water Resources and Power Development Authority Series 2024A And B Revenue Bonds Rated 'AAA' Apr 25, 2024. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Colorado-Water-Resources-and-Power-Development-Authority-Series-2024A-And-B-Revenue-Bonds-Rated-AAA-3158292>
  
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