Greer, SC Combined Utility Revenue Bond Rating Raised To 'AA-' From 'A+' On Extremely Strong Fixed Cost Coverage - S&P Global Ratings’ Credit Research

Greer, SC Combined Utility Revenue Bond Rating Raised To 'AA-' From 'A+' On Extremely Strong Fixed Cost Coverage

Greer, SC Combined Utility Revenue Bond Rating Raised To 'AA-' From 'A+' On Extremely Strong Fixed Cost Coverage - S&P Global Ratings’ Credit Research
Greer, SC Combined Utility Revenue Bond Rating Raised To 'AA-' From 'A+' On Extremely Strong Fixed Cost Coverage
Published Jan 17, 2020
3 pages (1281 words) — Published Jan 17, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Jan. 17, 2020--S&P Global Ratings raised its rating on Greer, S.C.'s Commission of Public Works' (CPW) combined utility revenue bonds to 'AA-' from 'A+'. The outlook is stable. "The upgrade reflects a trend of extremely strong coverage of fixed costs, as well as the application of our "U.S. Municipal Retail Electric And Gas Utilities: Methodology And Assumptions" criteria," said S&P Global Ratings credit analyst Jeff Panger. The rating reflects our opinion of a strong enterprise risk profile and an extremely strong financial risk profile. The enterprise risk profile reflects our view of Greer's: Strong service area economic fundamentals; Strong operational and management assessment; Strong market position; and Extremely strong industry risk relative to other industries

  
Report Type:

Ratings Action

Issuer
Greer
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Greer, SC Combined Utility Revenue Bond Rating Raised To 'AA-' From 'A+' On Extremely Strong Fixed Cost Coverage" Jan 17, 2020. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Greer-SC-Combined-Utility-Revenue-Bond-Rating-Raised-To-AA-From-A-On-Extremely-Strong-Fixed-Cost-Coverage-2369893>
  
APA:
S&P Global Ratings’ Credit Research. (). Greer, SC Combined Utility Revenue Bond Rating Raised To 'AA-' From 'A+' On Extremely Strong Fixed Cost Coverage Jan 17, 2020. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Greer-SC-Combined-Utility-Revenue-Bond-Rating-Raised-To-AA-From-A-On-Extremely-Strong-Fixed-Cost-Coverage-2369893>
  
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