Home Credit Ratings and Research S&P Global Ratings’ Credit Research Houston

Summary: Houston; Water/Sewer

Published Jun 19, 2017

3 pages (932 words) — Published Jun 19, 2017

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

S&P Global Ratings withdrew its 'AA' rating on Houston combined utility system (CUS), Texas' series 2012B revenue bonds at the city's request. We understand that on the mandatory tender date of June 1, 2017, the city executed a direct purchase arrangement with the State Street Public Lending Corp. in conjunction with the bonds' remarketing. The series 2012B bonds are still considered parity debt under the 2004 CUS master resolution.

Brief Excerpt:

...Primary Credit Analyst: Theodore A Chapman, Dallas (1) 214-871-1401; theodore.chapman@spglobal.com Secondary Contact: Edward R McGlade, New York (1) 212-438-2061; edward.mcglade@spglobal.com...

Report Type:

Summary

Ticker

HOUFAC

Issuer

Houston

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Houston; Water/Sewer" Jun 19, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Houston-Water-Sewer-1870663>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Houston; Water/Sewer Jun 19, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Houston-Water-Sewer-1870663>

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