St. Charles County Public Water Supply District No. 2, MO COP Rating Raised To #AA+# On Application Of Our Criteria

Stocks and Financial Services Press Releases Thursday June 14, 2018 09:03
CENTENNIAL--14 Jun--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) June 13, 2018--S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on St. Charles County Public Water Supply District No. 2, Mo.'s outstanding certificates of participation (COPs). At the same time, S&P Global Ratings assigned its 'AA+' long-term rating to the district's series 2018 COPs. The outlook is stable.

"The rating reflects our view of an extremely strong enterprise risk profile and a very strong financial risk profile," said S&P Global Ratings credit analyst John Schulz. "The raised rating further reflects the application of our 'Issue Credit Ratings Linked to U.S. Public Finance Obligors' Creditworthiness' criteria, published Jan. 22, 2018, on RatingsDirect," Mr. Schulz added.

The series 2018 certificates will fund the purchase of the water distribution and sewer collection systems from the city of Wright City, Mo., and fund other system capital improvements to the district's waterworks and sewerage systems.

The district serves an estimated population of approximately 140,000, is located about 30 miles west of downtown St. Louis, and encompasses approximately 400 square miles, including portions of St. Charles County and eastern Warren County. In addition, the district serves the communities of Lake St. Louis, Dardenne Prairie, Weldon Spring, Innsbrook, Dutzow, Augusta, New Melle, and Defiance along the Missouri River and parts of the city of O'Fallon.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

Krungsri Auto asserts leadership in private car financing Announcing three-year compound annual growth rate of 25% and accelerating digital strategy

Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, asserts its position as the category owner of private car financing market with Krungsri Rod Baan achieving the compound annual growth rate (CAGR) of 25%, after the official brand...

Fitch Rates EASY BUY#s THB Senior Unsecured Bonds at #AA+(tha)#

Fitch Ratings (Thailand) has assigned a National Long-Term Rating of 'AA+(tha)' to EASY BUY Public Company Limited's (EB; AA+(tha)/Stable) upcoming issue of senior unsecured bonds. The bonds will have a tenor of up to three years. KEY RATING DRIVERS The...

5m USD Ampleforth Sale on Tokinex Completed in 11 Seconds

Tokinex, the Bitfinex and Ethfinex Initial Exchange Offering platform, today announces the successful completion of its first sale in just 11 seconds. The Ampleforth sale of 5 million USD reflected ten percent of AMPL's token supply. Successful...

Photo Release: KBank wins three big awards at The Asian Banker Thailand Country Awards 2019

Mr. Suwat Techawatanawana (center), Executive Vice President, Ms. Suporn Sunthornrohit (right), First Senior Vice President, and Ms. Arporn Sirisrisakunchai, Head of Marketing Campaign Intelligence Department of KBank, represented KBank to receive three...

Photo Release: KTC offers cardmembers up to Bt. 2,000 cash backs at Caltex gas stations.

Ms. Pittaya Vorapanyasakul, Executive Vice President - Credit Card, "KTC" or Krungthai Card Public Company Limited, jointly with Mr. Salman Saadat, Country Chairman and General Manager - Products, Chevron (Thailand) Limited, a world standard gas station...

Related Topics