S&P Global Ratings assigned its 'A' long-term rating to the City of Philadelphia's gas works (PGW) series 2024 seventeenth series A (approximately $339.7 million) and B (about $111.1 million) revenue bonds, issued under its 1998 general ordinance. At the same time, S&P Global Ratings affirmed its 'A' long-term rating and underlying rating (SPUR) on PGW's outstanding revenue bonds. S&P Global Ratings also affirmed its 'AA+/A-1+' rating on the following issues rated under its joint support criteria (low correlation): the 1998 ordinance, 8th series B, C, D, and E bonds, jointly supported by a letter of credit from TD Bank N.A. The outlook, where applicable, is stable. The seventeenth series A bonds will have a par amount (excluding premium) of approximately
