Summary: Goshen, Indiana; Water/Sewer - S&P Global Ratings’ Credit Research

Summary: Goshen, Indiana; Water/Sewer

Summary: Goshen, Indiana; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: Goshen, Indiana; Water/Sewer
Published Dec 04, 2020
6 pages (2537 words) — Published Dec 04, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'A+' long-term rating to Goshen, Ind.'s approximately $20.76 million series 2020 sewage works refunding revenue bonds. At the same time, S&P Global Ratings affirmed its 'A+' rating on the city's existing sewer revenue bonds. The outlook is stable. The series 2020 refunding bonds are payable from the net revenue of the sewage works. Officials intend to use the series 2020 bond proceeds to refund $23.9 million of outstanding sewage works revenue bonds of 2009, series A, scheduled to mature Jan. 1, 2031. The series 2020 refunding bonds issued, and any bonds hereafter issued on a parity therewith, shall constitute a first charge on all the net revenues, on a parity with the outstanding bonds. Other

  
Brief Excerpt:

...S&P Global Ratings assigned its 'A+' long-term rating to Goshen, Ind.'s approximately $20.76 million series 2020 sewage works refunding revenue bonds. At the same time, S&P Global Ratings affirmed its 'A+' rating on the city's existing sewer revenue bonds. The outlook is stable. The series 2020 refunding bonds are payable from the net revenue of the sewage works. Officials intend to use the series 2020 bond proceeds to refund $23.9 million of outstanding sewage works revenue bonds of 2009, series A, scheduled to mature Jan. 1, 2031. The series 2020 refunding bonds issued, and any bonds hereafter issued on a parity therewith, shall constitute a first charge on all the net revenues, on a parity with the outstanding bonds. Other bond provisions include a rate covenant that states the city will establish and maintain just and equitable rates and charges to provide for the proper operation, repair, and maintenance of the sewage works, and to comply with and satisfy all covenants in the bond...

  
Report Type:

Summary

Issuer
Sector
Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

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: Goshen, Indiana; Water/Sewer" Dec 04, 2020. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Indiana-Water-Sewer-2565985>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Goshen, Indiana; Water/Sewer Dec 04, 2020. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Goshen-Indiana-Water-Sewer-2565985>
  
US$ 225.00
$  £  
Have a Question?

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

More Research

Search all our Credit Research from one place.