San Antonio CPS Energy; CP; Combined Utility; Retail Electric - S&P Global Ratings’ Credit Research

San Antonio CPS Energy; CP; Combined Utility; Retail Electric

San Antonio CPS Energy; CP; Combined Utility; Retail Electric - S&P Global Ratings’ Credit Research
San Antonio CPS Energy; CP; Combined Utility; Retail Electric
Published Dec 23, 2019
9 pages (4008 words) — Published Dec 23, 2019
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to San Antonio, Texas' electric and gas systems' new series 2020 revenue refunding senior-lien bonds, and we assigned our 'AA-' long-term rating to the city's series 2020 variable-rate junior-lien 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 electric and gas systems' senior-lien debt, and its 'AA-' long-term rating on the electric and gas systems' junior-lien debt outstanding. The outlook on the ratings is stable. The City Public Service Board of San Antonio, or CPS Energy, manages and operates the city's electric and gas systems. CPS Energy's electric and gas systems net revenue pledge secures the senior- and junior-lien

  
Brief Excerpt:

...S&P Global Ratings assigned its '##' long-term rating to San Antonio, Texas' electric and gas systems' new series 2020 revenue refunding senior-lien bonds, and we assigned our '##-' long-term rating to the city's series 2020 variable-rate junior-lien revenue refunding bonds. At the same time, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) on the city's electric and gas systems' senior-lien debt, and its '##-' long-term rating on the electric and gas systems' junior-lien debt outstanding. The outlook on the ratings is stable. The City Public Service Board of San Antonio, or CPS Energy, manages and operates the city's electric and gas systems. CPS Energy's electric and gas systems net revenue pledge secures the senior- and junior-lien revenue debt. The difference in the ratings reflects the lien status. The rating reflects the application of our "U.S. Municipal Retail Electric And Gas Utilities: Methodology And Assumptions" criteria (published Sept. 27,...

  
Report Type:

Full Report

Ticker
2870Z
Issuer
San Antonio
Sector
Global Issuers, Public Finance, Structured 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. "San Antonio CPS Energy; CP; Combined Utility; Retail Electric" Dec 23, 2019. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/San-Antonio-CPS-Energy-CP-Combined-Utility-Retail-Electric-2362299>
  
APA:
S&P Global Ratings’ Credit Research. (). San Antonio CPS Energy; CP; Combined Utility; Retail Electric Dec 23, 2019. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/San-Antonio-CPS-Energy-CP-Combined-Utility-Retail-Electric-2362299>
  
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