Summary: East Bay Municipal Utility District, California; CP; Water/Sewer - S&P Global Ratings’ Credit Research

Summary: East Bay Municipal Utility District, California; CP; Water/Sewer

Summary: East Bay Municipal Utility District, California; CP; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: East Bay Municipal Utility District, California; CP; Water/Sewer
Published May 14, 2015
8 pages (3721 words) — Published May 14, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to the East Bay Municipal Utility District (EBMUD), Calif.'s $76.5 million series 2015B (Green Bonds) and $114.1 million series 2015C water system revenue bonds. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the district's previously issued water system revenue bonds. (The short-term ratings on the series 2008A and 2008B variable-rate demand bonds -- VRDBs -- are based on the short-term ratings on the standby bond purchase agreement -- SBPA -- providers.). Finally, Standard&Poor's affirmed its 'A-1+' short-term rating on the district's extendable commercial paper (ECP) notes (water series). The outlook, where applicable, is stable. The ratings reflect our view

  
Brief Excerpt:

...Standard & Poor's Ratings Services assigned its '###' long-term rating to the East Bay Municipal Utility District (EBMUD), Calif.'s $76.5 million series 2015B (Green Bonds) and $114.1 million series 2015C water system revenue bonds. At the same time, Standard & Poor's affirmed its '###' long-term rating and underlying rating (SPUR) on the district's previously issued water system revenue bonds. (The short-term ratings on the series 2008A and 2008B variable-rate demand bonds -- VRDBs -- are based on the short-term ratings on the standby bond purchase agreement -- SBPA -- providers.). Finally, Standard & Poor's affirmed its 'A-1+' short-term rating on the district's extendable commercial paper (ECP) notes (water series). The outlook, where applicable, is stable. The ratings reflect our view of the district's:...

  
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Summary

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MLA:
S&P Global Ratings’ Credit Research. "Summary: East Bay Municipal Utility District, California; CP; Water/Sewer" May 14, 2015. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Bay-Municipal-Utility-District-California-CP-Water-Sewer-1398715>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: East Bay Municipal Utility District, California; CP; Water/Sewer May 14, 2015. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Bay-Municipal-Utility-District-California-CP-Water-Sewer-1398715>
  
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