Summary: San Antonio, Texas; CP; Combined Utility - S&P Global Ratings’ Credit Research

Summary: San Antonio, Texas; CP; Combined Utility

Summary: San Antonio, Texas; CP; Combined Utility - S&P Global Ratings’ Credit Research
Summary: San Antonio, Texas; CP; Combined Utility
Published Oct 10, 2012
1676 words — Published Oct 10, 2012
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services has assigned its 'AA-' rating to the City of San Antonio, Texas' electric and gas systems variable-rate junior-lien revenue refunding bonds, series 2012 A, B, and C. At the same time, Standard&Poor's affirmed its 'AA' rating on senior-lien parity debt, its 'AA-' rating on the systems' junior-lien bonds, and its 'A-1+' commercial paper rating on the utility. The outlook is stable. As of July 31, 2012, the electric and gas utility had $5.1 billion of debt outstanding. A pledge of the combined revenue of the electric and gas utilities secures the bonds. Bond proceeds will refund some junior-lien bonds. The ratings reflect what we view as several strengths of San Antonio's electric and

  
Brief Excerpt:

RESEARCH Summary: San Antonio, Texas; CP; Combined Utility Publication date: 10-Oct-2012 Primary Credit Analyst: Judith G Waite, New York (1) 212-438-7677; judith_waite@standardandpoors.com Secondary Contact: Theodore A Chapman, Dallas...

  
Report Type:

Summary

Ticker
2870Z
Issuer
San Antonio
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: San Antonio, Texas; CP; Combined Utility" Oct 10, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Antonio-Texas-CP-Combined-Utility-1021786>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: San Antonio, Texas; CP; Combined Utility Oct 10, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Antonio-Texas-CP-Combined-Utility-1021786>
  
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