South Dakota Conservancy District Series 2024A State Revolving Fund Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research

South Dakota Conservancy District Series 2024A State Revolving Fund Bonds Assigned 'AAA' Rating

South Dakota Conservancy District Series 2024A State Revolving Fund Bonds Assigned 'AAA' Rating - S&P Global Ratings’ Credit Research
South Dakota Conservancy District Series 2024A State Revolving Fund Bonds Assigned 'AAA' Rating
Published Aug 12, 2024
2 pages (1121 words) — Published Aug 12, 2024
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Aug. 12, 2024--S&P Global Ratings assigned its 'AAA' rating to South Dakota Conservancy District's (SDCD) $162.6 million series 2024A state revolving fund (SRF) program bonds. At the same time, S&P Global Ratings affirmed its 'AAA' rating on SDCD's SRF program bonds outstanding. The outlook is stable. Officials intend to use series 2024A bond proceeds to fund new and existing loans to numerous utilities under the clean water and drinking water programs, and to pay issuance costs. "The rating reflects our opinion of the combination of extremely strong enterprise and financial risk scores," said S&P Global Ratings credit analyst Peter Murphy. The stable outlook reflects S&P Global Ratings' expectation that the pool's loan portfolio will likely

  
Brief Excerpt:

...August 12, 2024 NEW YORK (S&P Global Ratings) Aug. 12, 2024--S&P Global Ratings assigned its '###' rating to South Dakota Conservancy District's (SDCD) $162.6 million series 2024A state revolving fund (SRF) program bonds. At the same time, S&P Global Ratings affirmed its '###' rating on SDCD's SRF program bonds outstanding. The outlook is stable. Officials intend to use series 2024A bond proceeds to fund new and existing loans to numerous utilities under the clean water and drinking water programs, and to pay issuance costs. "The rating reflects our opinion of the combination of extremely strong enterprise and financial risk scores," said S&P Global Ratings credit analyst Peter Murphy. The stable outlook reflects S&P Global Ratings' expectation that the pool's loan portfolio will likely remain diverse and that SDCD will continue to manage its loan origination process to provide sound protection against loan-default risk. The outlook also reflects S&P Global Ratings' expectation that SDCD's...

  
Report Type:

Ratings Action

Issuer
South Dakota Conservancy District
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. "South Dakota Conservancy District Series 2024A State Revolving Fund Bonds Assigned 'AAA' Rating" Aug 12, 2024. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/South-Dakota-Conservancy-District-Series-2024A-State-Revolving-Fund-Bonds-Assigned-AAA-Rating-3228898>
  
APA:
S&P Global Ratings’ Credit Research. (). South Dakota Conservancy District Series 2024A State Revolving Fund Bonds Assigned 'AAA' Rating Aug 12, 2024. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/South-Dakota-Conservancy-District-Series-2024A-State-Revolving-Fund-Bonds-Assigned-AAA-Rating-3228898>
  
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