...July 31, 2020 BOSTON (S&P Global Ratings) July 31, 2020--S&P Global Ratings assigned its '##-' rating to The Metropolitan District Hartford County, Conn.'s clean water project (CWP) $55 million, series 2020A, tax-exempt revenue bonds, and $76 million, series 2020B, taxable revenue refunding bonds. At the same time, S&P Global Ratings affirmed its '##-' long-term rating on the CWP's revenue bonds outstanding. The outlook is stable. The rating reflects our assessment of the district's very strong enterprise risk profile and very strong financial risk profile. Our view of the enterprise risk profile reflects: - The stable and affluent service area, consisting of eight member municipalities in the Hartford region; - A sizable, regulatory-driven capital improvement plan; - Affordability pressures that might increase the amount of future capital investment paid from the clean water project charge (CWPC) as opposed to other sources of system funds; and - Good operational management practices and...
