Summary: Tacoma, Washington; Retail Electric - S&P Global Ratings’ Credit Research

Summary: Tacoma, Washington; Retail Electric

Summary: Tacoma, Washington; Retail Electric - S&P Global Ratings’ Credit Research
Summary: Tacoma, Washington; Retail Electric
Published Jun 18, 2010
1535 words — Published Jun 18, 2010
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Abstract:

Standard&Poor's Ratings Services has raised its rating on Tacoma, Wash.'s electric system revenue bonds outstanding to 'AA' from 'AA-'. At the same time, Standard&Poor's assigned its 'AA' rating to Tacoma's series 2010A, 2010B, and 2010C electric system revenue bonds. The outlook is stable. The utility expects to sell the 2010B bonds as direct-subsidy Build America Bonds (BABs), and the 2010C bonds as Clean Renewable Energy Bonds (CREBs). Tacoma has pledged its net electric system revenues to pay all principal and interest due on the bonds. The upgrade reflects our opinion of Tacoma's sustained strong financial condition. Fixed charged coverage at 1.6x or higher during fiscals 2006-2009, and unrestricted cash and investments of more than 300 days'

  
Brief Excerpt:

RESEARCH Summary: Tacoma, Washington; Retail Electric Publication date: 18-Jun-2010 Primary Credit Analyst: Peter V Murphy, New York (1) 212-438-2065; peter_murphy@standardandpoors.com Secondary Credit Analyst: Ian Carroll, San Francisco...

  
Report Type:

Summary

Issuer
Tacoma
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Tacoma, Washington; Water/Sewer – 2010/07/29 – US$ 500.00

Summary: Tacoma, Washington; Water/Sewer – 2010/07/29 – US$ 225.00

Tacoma, Washington; Water/Sewer – 2010/07/29 – US$ 500.00

Summary: Tacoma, Washington; Water/Sewer – 2010/07/29 – US$ 225.00

Tacoma, Washington; Retail Electric – 2010/06/18 – US$ 500.00

Tacoma, Washington; Water/Sewer – 2009/10/13 – US$ 500.00

Summary: Tacoma, Washington; Water/Sewer – 2009/10/13 – US$ 225.00

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S&P Global Ratings’ Credit Research. "Summary: Tacoma, Washington; Retail Electric" Jun 18, 2010. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-Washington-Retail-Electric-804850>
  
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S&P Global Ratings’ Credit Research. (). Summary: Tacoma, Washington; Retail Electric Jun 18, 2010. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tacoma-Washington-Retail-Electric-804850>
  
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