Home Credit Ratings and Research S&P Global Ratings’ Credit Research Seattle

Seattle, WA Light And Power Bonds Series 2012A-C Assigned 'AA-' Rating; Other Ratings Affirmed

Published Jun 14, 2012

1104 words — Published Jun 14, 2012

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) June 14, 2012--Standard&Poor's Ratings Services has assigned its 'AA-' rating to Seattle, Wash.'s municipal light and power improvement and refunding revenue bonds, series 2012A and 2012B; and improvement revenue bonds, series 2012C. At the same time, Standard&Poor's affirmed its 'AA-' rating on the system's parity lien debt and its 'AA-' underlying rating on the debt. The outlook is stable. The 2012C bonds will be sold as New Clean Renewable Energy Bonds (CREBs). The system does business as Seattle City Light (SCL). "The rating reflects our opinion of a low-cost hydro-based generation portfolio that can meet demand even under below-normal water conditions," said Standard&Poor's credit analyst Peter Murphy. The rating

Brief Excerpt:

RESEARCH Seattle, WA Light And Power Bonds Series 2012A-C Assigned '##-' Rating; Other Ratings Affirmed Publication date: 14-Jun-2012 Primary Credit Analyst: Peter V Murphy, New York (1) 212-438-2065; peter_murphy@standardandpoors.com...

Report Type:

Ratings Action

Issuer

Seattle

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

Seattle, WA's Series 2013A, 2013B, And 2013 GO Bonds Assigned 'AAA' Rating – 2013/04/11 – US$ 150.00

Summary: Seattle, Washington; General Obligation; General Obligation Equivalent Security – 2013/04/11 – US$ 225.00

Seattle, WA Light System Debt Rating Raised To 'AA' On Effective Financial Strategies – 2013/05/20 – US$ 150.00

Seattle, Washington; Retail Electric – 2013/05/20 – US$ 500.00

Summary: Seattle, Washington; Retail Electric – 2013/05/20 – US$ 225.00

Seattle, Washington; Retail Electric – 2012/06/14 – US$ 500.00

Summary: Seattle, Washington; Retail Electric – 2012/06/14 – US$ 225.00

'AA+' Rating Assigned To Seattle, WA's Nearly $203.4 Million Drainage And Wastewater Improvement Revenue Bonds – 2012/05/22 – US$ 150.00

Summary: Seattle, Washington; Water/Sewer – 2012/05/22 – US$ 225.00

'AA+' Rating Assigned To Seattle, WA's $229 Million Water System Revenue Bonds – 2012/05/04 – US$ 150.00

More from S&P Global Ratings’ Credit Research

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. "Seattle, WA Light And Power Bonds Series 2012A-C Assigned 'AA-' Rating; Other Ratings Affirmed" Jun 14, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Seattle-WA-Light-And-Power-Bonds-Series-2012A-C-Assigned-AA-Rating-Other-Ratings-Affirmed-976136>

APA:	S&P Global Ratings’ Credit Research. (). Seattle, WA Light And Power Bonds Series 2012A-C Assigned 'AA-' Rating; Other Ratings Affirmed Jun 14, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Seattle-WA-Light-And-Power-Bonds-Series-2012A-C-Assigned-AA-Rating-Other-Ratings-Affirmed-976136>

US$ 150.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.