Calif. DWR Rating Off S&P CreditWatch

April 2004
Bond Buyer;4/27/2004, Vol. 348 Issue 31871, p2
Trade Publication
Reports on the ratings given by Standard & Poor's Ratings Services on the outstanding power supply revenue bonds of the California Department of Water Resources. Decision of the state to distribute bonds to utility ratepayers in the form of bill credits; Reduction of the money held by the agency as operating reserves created to protect the financial integrity of its power program and to insulate bondholders from volatile costs.


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