Bangkok--11 Oct--Standard & Poor's
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Little Thompson Water District, Colo.'s series 2011 water revenue refunding bonds. The outlook is stable.
"The rating reflects our view of the district's affordable water rates and strong liquidity levels," said Standard & Poor's credit analyst Tim Tung. "Further strengthening the rating is our view of the district's sufficient water supply for its current demand and its requirement that new users either dedicate water rights to the district or provide cash in-lieu to connect to the system," Mr. Tung added.
We understand that the bonds will refund all of the district's outstanding 1999 bonds and a portion of its outstanding 2002 bonds.
RELATED CRITERIA AND RESEARCH
USPF Criteria: Key Water And Sewer Utility Credit Ratio Ranges, Sept.15, 2008 USPF Criteria: Standard & Poor's Revises Criteria For Rating Water, Sewer, And Drainage Utility Revenue Bonds, Sept. 15, 2008 Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
Media Contact:
Ola Fadahunsi, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Tim Tung, San Francisco 415-371-5041
Corey Friedman, Chicago (1) 312-233-7010