Los Angeles Department of Water and Power Revenue Bond Rating Placed On CreditWatch Negative Due To Wildfire Exposure - S&P Global Ratings’ Credit Research

Los Angeles Department of Water and Power Revenue Bond Rating Placed On CreditWatch Negative Due To Wildfire Exposure

Los Angeles Department of Water and Power Revenue Bond Rating Placed On CreditWatch Negative Due To Wildfire Exposure - S&P Global Ratings’ Credit Research
Los Angeles Department of Water and Power Revenue Bond Rating Placed On CreditWatch Negative Due To Wildfire Exposure
Published Nov 13, 2019
3 pages (1340 words) — Published Nov 13, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) Nov. 13, 2019--S&P Global Ratings placed its 'AA' long-term rating and underlying rating on Los Angeles Department of Water and Power's (LADWP, or the department) power system revenue bonds outstanding on CreditWatch with negative implications. We took a similar CreditWatch action on ratings for the following Southern California Public Power Authority projects in which LADWP is the sole participant: Windy Flats, Linden Wind Energy, Milford Wind Corridor Phase II, Mead Adelanto series 2016A, Mead Phoenix series 2016A, and Apex Power Project. At the same time, S&P Global Ratings affirmed the following ratings: Our 'AA/A-1+' and 'AA/A-1' dual ratings on LADWP's series 2001B and 2002A power system variable-rate demand revenue bonds outstanding, with the short-term rating

  
Report Type:

Ratings Action

Issuer
Southern California Public Power 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. "Los Angeles Department of Water and Power Revenue Bond Rating Placed On CreditWatch Negative Due To Wildfire Exposure" Nov 13, 2019. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Los-Angeles-Department-of-Water-and-Power-Revenue-Bond-Rating-Placed-On-CreditWatch-Negative-Due-To-Wildfire-Exposure-2338740>
  
APA:
S&P Global Ratings’ Credit Research. (). Los Angeles Department of Water and Power Revenue Bond Rating Placed On CreditWatch Negative Due To Wildfire Exposure Nov 13, 2019. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Los-Angeles-Department-of-Water-and-Power-Revenue-Bond-Rating-Placed-On-CreditWatch-Negative-Due-To-Wildfire-Exposure-2338740>
  
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