Summary: San Antonio CPS Energy; Combined Utility - S&P Global Ratings’ Credit Research

Summary: San Antonio CPS Energy; Combined Utility

Summary: San Antonio CPS Energy; Combined Utility - S&P Global Ratings’ Credit Research
Summary: San Antonio CPS Energy; Combined Utility
Published Oct 30, 2019
4 pages (1362 words) — Published Oct 30, 2019
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA-' long-term rating to San Antonio, Texas' electric and gas systems' $124.5 million series 2015A variable-rate junior-lien revenue refunding bonds and $100 million series 2015C variable-rate junior-lien revenue bonds. The outlook is stable. The City Public Service Board of San Antonio, or CPS Energy manages and operates the city's electric and gas systems. The rating reflects the application of our "U.S. Municipal Retail Electric And Gas Utilities: Methodology And Assumptions" criteria (published Sept. 27, 2018, on RatingsDirect). The rating further reflects our opinion of the systems' very strong enterprise and financial risk profiles. On Dec. 2, 2019, the series 2015A and 2015C will be tendered and remarketed in a term mode at a fixed interest

  
Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed WWW.STANDARDANDPOORS.COM/RATINGSXPRESS OCTOBER 30, 2019 2...

  
Report Type:

Summary

Ticker
2870Z
Issuer
San Antonio
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: San Antonio CPS Energy; Combined Utility" Oct 30, 2019. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Antonio-CPS-Energy-Combined-Utility-2329927>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: San Antonio CPS Energy; Combined Utility Oct 30, 2019. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Antonio-CPS-Energy-Combined-Utility-2329927>
  
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