San Francisco Public Utilities Commission Wastewater Revenue, WIFIA Bond Outlook Revised To Negative - S&P Global Ratings’ Credit Research

San Francisco Public Utilities Commission Wastewater Revenue, WIFIA Bond Outlook Revised To Negative

San Francisco Public Utilities Commission Wastewater Revenue, WIFIA Bond Outlook Revised To Negative - S&P Global Ratings’ Credit Research
San Francisco Public Utilities Commission Wastewater Revenue, WIFIA Bond Outlook Revised To Negative
Published Jul 03, 2024
3 pages (1206 words) — Published Jul 03, 2024
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Abstract:

SAN FRANCISCO (S&P Global Ratings) July 3, 2024--S&P Global Ratings revised its outlook to negative from stable and affirmed its 'AA' rating on the San Francisco Public Utilities Commission (SFPUC), Calif.'s: Outstanding wastewater revenue bonds; Series 2023 Water Infrastructure Finance and Innovation Act (WIFIA; wastewater capital resilience program) bonds; Series 2020 WIFIA (Southeast Treatment plant/Headworks project) bonds; and Series 2018 WIFIA (biosolids project) bonds. At the same time, S&P Global Ratings assigned its 'AA' long-term rating to SFPUC's anticipated: Approximately $85 million 2024 series B (non-SSIP) taxable; Approximately $547 million 2024 series C (SSIP)(Green); and Approximately $86 million 2024 series D (Non-SSIP) wastewater revenue bonds. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on SFPUC's outstanding commercial paper (CP)

  
Brief Excerpt:

...July 3, 2024 SAN FRANCISCO (S&P Global Ratings) July 3, 2024--S&P Global Ratings revised its outlook to negative from stable and affirmed its '##' rating on the San Francisco Public Utilities Commission (SFPUC), Calif.'s: - Outstanding wastewater revenue bonds; - Series 2023 Water Infrastructure Finance and Innovation Act (WIFIA; wastewater capital resilience program) bonds; - Series 2020 WIFIA (Southeast Treatment plant/Headworks project) bonds; and - Series 2018 WIFIA (biosolids project) bonds. At the same time, S&P Global Ratings assigned its '##' long-term rating to SFPUC's anticipated: - Approximately $85 million 2024 series B (non-SSIP) taxable; - Approximately $547 million 2024 series C (SSIP)(Green); and - Approximately $86 million 2024 series D (Non-SSIP) wastewater revenue bonds. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on SFPUC's outstanding commercial paper (CP) notes. "The negative outlook reflects the significant size and scope of SFPUC's upcoming...

  
Report Type:

Ratings Action

Issuer
San Francisco Public Utilities Commission
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "San Francisco Public Utilities Commission Wastewater Revenue, WIFIA Bond Outlook Revised To Negative" Jul 03, 2024. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/San-Francisco-Public-Utilities-Commission-Wastewater-Revenue-WIFIA-Bond-Outlook-Revised-To-Negative-3209831>
  
APA:
S&P Global Ratings’ Credit Research. (). San Francisco Public Utilities Commission Wastewater Revenue, WIFIA Bond Outlook Revised To Negative Jul 03, 2024. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/San-Francisco-Public-Utilities-Commission-Wastewater-Revenue-WIFIA-Bond-Outlook-Revised-To-Negative-3209831>
  
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