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 for further information. Complete ratings information is available to subscribers of RatingsDirect at All ratings affected by this rating action can be found on S&P Global Ratings' public website at Use the Ratings search box located in the left column.

Latest Press Release

Standard Chartered Bank: 2019 Global Economic Growth Expected to Ease Modestly

he tide is going out for the global economy. Standard Chartered Bank expects the world growth to ease modestly to 3.6% in 2019 from 3.8% in 2018. Synchronised global growth at the beginning of 2018 has given way to more divergent growth trends. Several...

Photo Release: SCB showcases its first The DOTs at China Town project to connect successes for new generation business owners

Siam Commercial Bank (SCB) is moving forward in promoting Thai SMEs recently joining with Thammasat University's Faculty of Commerce and Accountancy to organize "The DOTs" project, a new professional management skill course promoting the success of the...

Echoworx expands EU reach with new German data centre

Echoworx is pleased to announce the opening of their new data centre in Germany. This move further entrenches Echoworx's presence and competitive edge within the EU region. Known for its proven manufacturing industries, from automotive to...

EXIM Thailand Holds FX Risk Management Seminar Phase 2 to Promote the Use of FX Risk Hedging Tools for SME exporters

Mr. Chana Boonyachai (right), Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mrs. Varintorn Chaivivat (left), Vice-Director, Northern Region Office, Bank of Thailand and Mr. Kobsak Duangdee (center),...

Photo Release: Prudential Thailand organizes Agency Kick Off 2019

Mr. Aman Chowla (7th from right), Chief Executive Officer, Prudential Life Assurance together with Mr. Wichai Cheewasrirungruang (6th from left), Chief Agency Officer, Prudential Life Assurance and the executive management of Prudential Life Assurance...

Related Topics