East Bay Municipal Utility District, CA Series 2019A Water System Revenue Bonds Rated 'AAA'

CHICAGO (S&P Global Ratings) June 11, 2019--S&P Global Ratings assigned its 'AAA' long-term rating to East Bay Municipal Utility District (MUD), Calif.'s series 2019A water system revenue bonds (green bonds). At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating and underlying rating on the district's existing water system revenue bonds, the 'AAA' long-term component of the dual ratings on the district's variable-rate bonds, and its 'A-1+' short-term rating on the district's commercial paper notes (water series). The outlook, where applicable, is stable. "The ratings reflect our opinion of the combination of the district's extremely strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Greg Dziubinski. The district is issuing the series 2019A bonds to

...June 11, 2019 CHICAGO (S&P Global Ratings) June 11, 2019--S&P Global Ratings assigned its '###' long-term rating to East Bay Municipal Utility District (MUD), Calif.'s series 2019A water system revenue bonds (green bonds). At the same time, S&P Global Ratings affirmed its '###' long-term rating and underlying rating on the district's existing water system revenue bonds, the '###' long-term component of the dual ratings on the district's variable-rate bonds, and its 'A-1+' short-term rating on the district's commercial paper notes (water series). The outlook, where applicable, is stable. "The ratings reflect our opinion of the combination of the district's extremely strong enterprise and financial risk profiles," said S&P Global Ratings credit analyst Greg Dziubinski. The district is issuing the series 2019A bonds to finance capital improvements to the water system. "The stable outlook reflects our view of the water system's affordable service rates that provide additional revenue-raising...

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