Summary: San Francisco Public Utilities Commission; CP; Water/Sewer

S&P Global Ratings assigned its 'AA' long-term ratings to the  San Francisco Public Utilities Commission's (SFPUC): Approximately $217.4 million series 2021A wastewater revenue notes (green notes); Approximately $128.7 million series 2012B wastewater revenue notes (green notes); Approximately $266.0 million series 2021A wastewater revenue bonds (green bonds); and Approximately $39.0 million series 2021B wastewater revenue bonds. At the same time, we affirmed our: 'AA' rating on the SFPUC's existing wastewater revenue bonds; 'AA' rating on the SFPUC's series 2020 Water Infrastructure Finance and Innovation Act (WIFIA) loan agreement (Southeast Treatment Plant/Headworks Project); 'AA' rating on the series 2018 WIFIA loan replacement agreement (Biosolids Project); and 'A-1+' short-term rating on the SFPUC's commercial paper (CP) notes. The outlook, where applicable, is stable.

...S&P Global Ratings assigned its '##' long-term ratings to the San Francisco Public Utilities Commission's (SFPUC): + Approximately $217.4 million series 2021A wastewater revenue notes (green notes); + Approximately $128.7 million series 2012B wastewater revenue notes (green notes); + Approximately $266.0 million series 2021A wastewater revenue bonds (green bonds); and + Approximately $39.0 million series 2021B wastewater revenue bonds. At the same time, we affirmed our: + '##' rating on the SFPUC's existing wastewater revenue bonds; + '##' rating on the SFPUC's series 2020 Water Infrastructure Finance and Innovation Act (WIFIA) loan agreement (Southeast Treatment Plant/Headworks Project); + '##' rating on the series 2018 WIFIA loan replacement agreement (Biosolids Project); and + 'A-1+' short-term rating on the SFPUC's commercial paper (CP) notes. The outlook, where applicable, is stable. Series 2021AB bond proceeds will be used to refund outstanding CP notes and fund capitalized interest....

Summary