Home Credit Ratings and Research S&P Global Ratings’ Credit Research East Bay Mun Util Dist

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

Published Nov 12, 2012

1365 words — Published Nov 12, 2012

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Standard&Poor's Ratings Services affirmed its 'A-1+' short-term rating on the East Bay Municipal Utility District, Calif.'s series 2009A-1 water system revenue refunding bonds. The rating is based on our view of the district's: Strong long-term credit quality (water revenue bonds are rated 'AAA/Negative'); and History of maintaining a strong liquidity position in the water fund. A subordinate pledge of the district's net water revenues secures the bonds. This is essentially a first pledge of net revenue as no senior lien bonds currently exist, and the district has covenanted pursuant to the indenture that it will not issue additional senior water bonds. The district also operates a separate wastewater enterprise that issues its own revenue bonds. The district first

Brief Excerpt:

RESEARCH Summary: East Bay Municipal Utility District, California; Water/Sewer Publication date: 12-Nov-2012 Primary Credit Analyst: Robert L Hannay, CFA, San Francisco (1) 415-371-5038; robert_hannay@standardandpoors.com Secondary...

Report Type:

Summary

Issuer

East Bay Mun Util Dist

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

East Bay Municipal Utility District, California; CP; Water/Sewer – 2012/12/28 – US$ 500.00

Summary: East Bay Municipal Utility District, California; CP; Water/Sewer – 2012/12/28 – US$ 225.00

Summary: East Bay Municipal Utility District, CA 2008A-2 And 2008A-3 Revenue Bond Rating Raised To 'AAA/A-1+'; Water/Sewer – 2013/01/03 – US$ 225.00

Summary: East Bay Municipal Utility District, California; Water/Sewer – 2013/01/07 – US$ 225.00

Summary: East Bay Municipal Utility District, California; Water/Sewer – 2013/01/29 – US$ 225.00

Summary: East Bay Municipal Utility District, California; Water/Sewer – 2012/11/06 – US$ 225.00

Outlook Revised To Negative On East Bay Municipal Utility District, CA Water Bonds Due To Lower Debt Service Coverage – 2012/10/16 – US$ 150.00

Summary: East Bay Municipal Utility District, California; CP; Water/Sewer – 2012/10/16 – US$ 225.00

East Bay Municipal Utility District, California; CP; Water/Sewer – 2012/10/16 – US$ 500.00

S&P Corrects Rating On East Bay Municipal Utility District, CA 2008C Revenue Bonds To 'AAA/A-1' – 2012/07/30 – 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. "Summary: East Bay Municipal Utility District, California; Water/Sewer" Nov 12, 2012. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Bay-Municipal-Utility-District-California-Water-Sewer-1033810>

APA:	S&P Global Ratings’ Credit Research. (). Summary: East Bay Municipal Utility District, California; Water/Sewer Nov 12, 2012. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Bay-Municipal-Utility-District-California-Water-Sewer-1033810>

US$ 225.00

$ £ €

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.