Summary: San Francisco Public Utilities Commission, California; CP; Water/Sewer - S&P Global Ratings’ Credit Research

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

Summary: San Francisco Public Utilities Commission, California; CP; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: San Francisco Public Utilities Commission, California; CP; Water/Sewer
Published Jul 03, 2024
8 pages (3611 words) — Published Jul 03, 2024
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Abstract:

S&P Global Ratings revised its outlook to negative from stable and affirmed its 'AA' rating on the San Francisco Public Utilities Commission (SFPUC), Calif.'s outstanding wastewater revenue bonds; series 2023 Water Infrastructure Finance and Innovation Act (WIFIA; wastewater capital resilience program) bonds, series 2020 WIFIA (Southeast Treatment plant/Headworks project) bonds, and series 2018 WIFIA (biosolids project) bonds. At the same time, S&P Global Ratings assigned its 'AA' long-term rating to SFPUC's anticipated $85 million 2024 series B (non-SSIP) taxable; $547 million 2024 series C (SSIP); and approximately $86 million 2024 series D (Non-SSIP) wastewater revenue bonds. Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on SFPUC's outstanding commercial paper (CP) notes. The negative outlook reflects the size and scope

  
Brief Excerpt:

...+ S&P Global Ratings revised its outlook to negative from stable and affirmed its '##' rating on the San Francisco Public Utilities Commission (SFPUC), Calif.'s outstanding wastewater revenue bonds; series 2023 Water Infrastructure Finance and Innovation Act (WIFIA; wastewater capital resilience program) bonds, series 2020 WIFIA (Southeast Treatment plant/Headworks project) bonds, and series 2018 WIFIA (biosolids project) bonds. + At the same time, S&P Global Ratings assigned its '##' long-term rating to SFPUC's anticipated $85 million 2024 series B (non-SSIP) taxable; $547 million 2024 series C (SSIP); and approximately $86 million 2024 series D (Non-SSIP) wastewater revenue bonds. + Finally, S&P Global Ratings affirmed its 'A-1+' short-term rating on SFPUC's outstanding commercial paper (CP) notes. + The negative outlook reflects the size and scope of SFPUC's upcoming debt plans and management's 10-year financial forecast, which shows all-in debt service coverage (as calculated by S&P...

  
Report Type:

Summary

Issuer
San Francisco Public Utilities Commission
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: San Francisco Public Utilities Commission, California; CP; Water/Sewer" Jul 03, 2024. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Francisco-Public-Utilities-Commission-California-CP-Water-Sewer-3209832>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: San Francisco Public Utilities Commission, California; CP; Water/Sewer Jul 03, 2024. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-San-Francisco-Public-Utilities-Commission-California-CP-Water-Sewer-3209832>
  
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