Puyallup, WA Combined Utility Revenue Refunding Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

Puyallup, WA Combined Utility Revenue Refunding Bonds Assigned 'AA' Rating

Puyallup, WA Combined Utility Revenue Refunding Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
Puyallup, WA Combined Utility Revenue Refunding Bonds Assigned 'AA' Rating
Published Jun 17, 2016
3 pages (1199 words) — Published Jun 17, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) June 17, 2016--S&P Global Ratings assigned its 'AA' long-term rating to Puyallup, Wash.'s 2016 combined utility revenue refunding bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's existing combined utility revenue bonds. The outlook is stable. "The ratings reflect, in our opinion, the combination of a very strong enterprise risk profile and an extremely strong financial risk profile," said S&P Global Ratings credit analyst Aaron Lee. The enterprise risk profile reflects our view of the system's: Service area participation in the broad and diverse Seattle metropolitan statistical area; Stable and diverse customer base with strong income indicators; Moderate rates that have pre-approved annual automatic

  
Brief Excerpt:

...SAN FRANCISCO (S&P Global Ratings) June 17, 2016--S&P Global Ratings assigned its '##' long-term rating to Puyallup, Wash.'s 2016 combined utility revenue refunding bonds. At the same time, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) on the city's existing combined utility revenue bonds. The outlook is stable. "The ratings reflect, in our opinion, the combination of a very strong enterprise risk profile and an extremely strong financial risk profile," said S&P Global Ratings credit analyst Aaron Lee. The enterprise risk profile reflects our view of the system's: + Service area participation in the broad and diverse Seattle metropolitan statistical area; + Stable and diverse customer base with strong income indicators; + Moderate rates that have pre-approved annual automatic adjustments; and + Good operational management practices and policies. The financial risk profile reflects our view of the system's: + Strong historical all-in debt service coverage...

  
Report Type:

Ratings Action

Issuer
Puyallup
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Puyallup, WA Combined Utility Revenue Refunding Bonds Assigned 'AA' Rating" Jun 17, 2016. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Puyallup-WA-Combined-Utility-Revenue-Refunding-Bonds-Assigned-AA-Rating-1659016>
  
APA:
S&P Global Ratings’ Credit Research. (). Puyallup, WA Combined Utility Revenue Refunding Bonds Assigned 'AA' Rating Jun 17, 2016. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Puyallup-WA-Combined-Utility-Revenue-Refunding-Bonds-Assigned-AA-Rating-1659016>
  
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