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

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

Summary: East Bay Municipal Utility District, California; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: East Bay Municipal Utility District, California; Water/Sewer
Published Jan 29, 2013
1302 words — Published Jan 29, 2013
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Abstract:

Standard&Poor's Ratings Services affirmed its 'A-1+' short-term rating on the East Bay Municipal Utility District, Calif.'s series 2009A-2 water system revenue refunding bonds. We based the rating 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 issued

  
Brief Excerpt:

RESEARCH Summary: East Bay Municipal Utility District, California; Water/Sewer Publication date: 29-Jan-2013 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:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: East Bay Municipal Utility District, California; Water/Sewer" Jan 29, 2013. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-East-Bay-Municipal-Utility-District-California-Water-Sewer-1069220>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: East Bay Municipal Utility District, California; Water/Sewer Jan 29, 2013. 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-1069220>
  
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