Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To 'AA' Due To Strong Finances - S&P Global Ratings’ Credit Research

Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To 'AA' Due To Strong Finances

Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To 'AA' Due To Strong Finances - S&P Global Ratings’ Credit Research
Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To 'AA' Due To Strong Finances
Published Dec 09, 2010
1070 words — Published Dec 09, 2010
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Abstract:

NEW YORK (Standard&Poor's) Dec. 9, 2010--Standard&Poor's Ratings Services has raised its rating on Huntsville, Ala.'s natural gas revenue warrants to 'AA' from 'AA-'. The gas system's net revenues secure the bonds. "The upgrade is based on the system's sustained strong financial performance," said Standard&Poor's credit analyst Peter Murphy. "The new rating also reflects our assessment of the gas system's solid service area economy, low debt, competitive rates, and strong liquidity," Mr. Murphy added. However, sales volumes that are susceptible to weather patterns, and fluctuations in commodity price mitigate these strengths somewhat. Located in northern Alabama, Huntsville, with a population of 179,653, has experienced steady growth and diversification from the historically concentrated military and aerospace

  
Brief Excerpt:

RESEARCH Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To '##' Due To Strong Finances Publication date: 09-Dec-2010 Primary Credit Analyst: Peter V Murphy, New York (1) 212-438-2065; peter_murphy@standardandpoors.com...

  
Report Type:

Ratings Action

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Sector
Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To 'AA' Due To Strong Finances" Dec 09, 2010. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Huntsville-AL-s-Natural-Gas-Revenue-Warrants-Rating-Raised-To-AA-Due-To-Strong-Finances-836740>
  
APA:
S&P Global Ratings’ Credit Research. (). Huntsville, AL's Natural Gas Revenue Warrants Rating Raised To 'AA' Due To Strong Finances Dec 09, 2010. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Huntsville-AL-s-Natural-Gas-Revenue-Warrants-Rating-Raised-To-AA-Due-To-Strong-Finances-836740>
  
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