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

Photo Release: MTS Gold Group: the First Thai Local Broker of CME Group

Dr.Kritcharat Hirunyasiri Chairman of MTS Gold Group, and Mr.Nuttapong Hirunyasiri CEO of MTS Gold Group, together with Mr. Christopher Fix Managing Director, Head of Asia Pacific, CME Group, and Mr. Nicolas Dupuis, Senior Directors, Energy Product,...

Credit Guarantee And Investment Facility #AA/A-1+# Ratings Outlook Remains Stable

SINGAPORE (S&P Global Ratings) June 22, 2018--S&P Global Ratings today affirmed its 'AA' long-term and 'A-1+' short-term issuer credit ratings on the Credit Guarantee and Investment Facility (CGIF). The outlook remains stable. We affirmed the...

Asian Development Bank Ratings Affirmed At #AAA# With Stable Outlook

SINGAPORE (S&P Global Ratings) June 22, 2018--S&P Global Ratings said today that it has affirmed its 'AAA' long-term and 'A-1+' short-term foreign currency issuer credit ratings on the Asian Development Bank (AsDB). The outlook remains stable. We...

GPSC Outlook Revised To Negative On The Proposed Acquisition Of #BBB-# Rating Affirmed

SINGAPORE (S&P Global Ratings) June 22, 2018--S&P Global Ratings revised the outlook on Global Power Synergy Public Co. Ltd. (GPSC) to negative from stable. At the same time, we affirmed our 'BBB-' long-term issuer credit rating on the...

River Funding No. 5 Class 1-FR And 1-VF Notes Assigned #AAA (sf)# Rating

HONG KONG (S&P Global Ratings) June 22, 2018--S&P Global Ratings today assigned its 'AAA (sf)' rating to the class 1-FR and 1-VF notes issued by River Funding No. 5. (see list). The notes are backed by a revolving pool of credit card receivables...

Related Topics