Pittsburgh Water And Sewer Authority, PA Revenue Bonds Assigned 'A' Rating; Outlook Stable - S&P Global Ratings’ Credit Research

Pittsburgh Water And Sewer Authority, PA Revenue Bonds Assigned 'A' Rating; Outlook Stable

Pittsburgh Water And Sewer Authority, PA Revenue Bonds Assigned 'A' Rating; Outlook Stable - S&P Global Ratings’ Credit Research
Pittsburgh Water And Sewer Authority, PA Revenue Bonds Assigned 'A' Rating; Outlook Stable
Published May 22, 2008
Published May 22, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) May 22, 2008--Standard and Poor's assigned its 'A' rating to Pittsburgh Water and Sewer Authority, Pa.'s revenue bonds, series 2008A and B and 2008D-1 and D-2. In addition, Standard and Poor's assigned its 'A' rating to the authority's series 2008C subordinate revenue bonds. "The A rating reflects the authority's stable customer base, with a significant commercial component; good debt service coverage and liquidity; participation in the Pittsburgh Metropolitan Statistical Area; and adequate capacity to meet future water needs," said Standard&Poor's credit analyst John Sugden-Castillo. Offsetting factors include slightly above-average rates, with additional rate increases needed to fund capital requirements related to a consent order with the EPA for the sewer system (the scope

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
HTML HTML
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Pittsburgh Water And Sewer Authority, PA Revenue Bonds Assigned 'A' Rating; Outlook Stable" May 22, 2008. Alacra Store. Mar 29, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Pittsburgh-Water-And-Sewer-Authority-PA-Revenue-Bonds-Assigned-A-Rating-Outlook-Stable-649901>
  
APA:
S&P Global Ratings’ Credit Research. (). Pittsburgh Water And Sewer Authority, PA Revenue Bonds Assigned 'A' Rating; Outlook Stable May 22, 2008. New York, NY: Alacra Store. Retrieved Mar 29, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Pittsburgh-Water-And-Sewer-Authority-PA-Revenue-Bonds-Assigned-A-Rating-Outlook-Stable-649901>
  
US$ 150.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.