| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for North Texas Municipal Water District > News item |
S&P ups North Texas Municipal Water, rates bonds AAA
Standard & Poor's said it revised its underlying rating and its unenhanced debt rating to AAA from AA+ on North Texas Municipal Water District's debt outstanding. The outlook is stable.
At the same time, S&P assigned an AAA standard long-term rating, with a stable outlook, to the district's $110.455 million series 2008 water system revenue bonds.
"We base the upgrade on the district's strong long-term planning coupled with sustainable strong financial operations and liquidity, especially when compared to other wholesale water entities," said S&P credit analyst Edward McGlade in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.