...S&P Global Ratings assigned its '##' long-term rating to the Nashville & Davidson County Metropolitan Government, Tenn.'s (Metro Water) estimated $364.6 million series 2021A water and sewer revenue bonds (green bonds) and $242.0 series 2020B water and sewer revenue bonds (green bonds). At the same time, S&P Global Ratings affirmed its '##' rating on Metro Water's parity water and sewer revenue bonds, as well as its '##-' rating on Metro Water's subordinate-lien series 2012 water and sewer revenue bonds. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on the system's extendible maturity water and sewer revenue commercial paper (CP) notes. The outlook, where applicable, is stable. The short-term rating on Metro Water's $100 million extendable CP program is based on Metro Water's long-term general creditworthiness, reflecting our view of its self-liquidity and ability to tap capital markets or other means to rollover or take out CP notes. The extendible CP notes may be issued...
