Seattle, WA Drainage And Wastewater System Bond Outlook Revised To Stable From Negative On Planned Rate Increase - S&P Global Ratings’ Credit Research

Seattle, WA Drainage And Wastewater System Bond Outlook Revised To Stable From Negative On Planned Rate Increase

Seattle, WA Drainage And Wastewater System Bond Outlook Revised To Stable From Negative On Planned Rate Increase - S&P Global Ratings’ Credit Research
Seattle, WA Drainage And Wastewater System Bond Outlook Revised To Stable From Negative On Planned Rate Increase
Published May 10, 2021
2 pages (1158 words) — Published May 10, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SAN FRANCISCO (S&P Global Ratings) May 10, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'AA+' rating on Seattle, Wash.'s existing drainage and wastewater system parity debt. At the same time, S&P Global Ratings assigned its 'AA+' long-term rating to the city's $108 million series 2021 drainage and wastewater system improvement and refunding revenue bond. "The stable outlook reflects our assessment of Seattle Public Utilities' proposed six-year rate plan, which we believe sets a credible trajectory for the drainage and wastewater system's future financial performance," said S&P Global Ratings credit analyst Chloe Weil. "With many area jobs able to happen remotely, we think a significant portion of the city's economic life has adapted to the

  
Report Type:

Ratings Action

Issuer
Seattle
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Seattle, WA Drainage And Wastewater System Bond Outlook Revised To Stable From Negative On Planned Rate Increase" May 10, 2021. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Seattle-WA-Drainage-And-Wastewater-System-Bond-Outlook-Revised-To-Stable-From-Negative-On-Planned-Rate-Increase-2644639>
  
APA:
S&P Global Ratings’ Credit Research. (). Seattle, WA Drainage And Wastewater System Bond Outlook Revised To Stable From Negative On Planned Rate Increase May 10, 2021. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Seattle-WA-Drainage-And-Wastewater-System-Bond-Outlook-Revised-To-Stable-From-Negative-On-Planned-Rate-Increase-2644639>
  
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