Summary: Seattle, Washington; Water/Sewer - S&P Global Ratings’ Credit Research

Summary: Seattle, Washington; Water/Sewer

Summary: Seattle, Washington; Water/Sewer - S&P Global Ratings’ Credit Research
Summary: Seattle, Washington; Water/Sewer
Published Mar 18, 2008
1811 words — Published Mar 18, 2008
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Abstract:

Standard&Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'AA+' from 'AA' on Seattle, Wash.'s outstanding drainage and wastewater revenue bonds. At the same time, Standard&Poor's assigned its 'AA+' rating to the city's $98.985 million series 2008 drainage and wastewater revenue and refunding bonds. These rating actions generally reflect consistently very strong management practices and policies relating to the city's drainage and wastewater system by the Seattle Public Utility (SPU) Department. Credit strength is enhanced by various progressive aspects of SPU's management of the system --both financial and operationally -- over time. In addition, the rating reflects the following credit strengths: The service area's very deep and diverse economic base (Seattle and King County's

  
Brief Excerpt:

RESEARCH Summary: Seattle, Washington; Water/Sewer Publication date: 18-Mar-2008 Primary Credit Analyst: Gabriel Petek, CFA, San Francisco (1) 415-371-5042; gabriel_petek@standardandpoors.com Secondary Credit Analyst: Misty Newland,...

  
Report Type:

Summary

Issuer
Seattle
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Seattle, Washington; Water/Sewer" Mar 18, 2008. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Seattle-Washington-Water-Sewer-637494>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Seattle, Washington; Water/Sewer Mar 18, 2008. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Seattle-Washington-Water-Sewer-637494>
  
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