Seattle Waste Upgraded

Kelemen, Jasmina
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p35
Trade Publication
The article focuses on the upgradation of Seattle solid-waste revenue bonds to Aa3 from Al by the Moody's Investors Service Inc. The upgrade affects $25.46 million of bonds issued in 1999. Moody's in its report said that credit strengths include the system's strong service area — which includes all of Seattle — low debt burden and availability of the city's ample cash reserves. Though the system's operating reserves are at twice the target policy, they remain low to comparable systems nationwide. As a result, access to the city's large cash pool provides an important credit boost.


Related Articles

  • West Virginia on a Roll With $70 Million Sold So Far in 2003. Newman, Emily // Bond Buyer;3/27/2003, Vol. 343 Issue 31802, p28 

    With a handful of deals already complete and a potential 4 billion dollar pension bond sale later in the year, West Virginia, the Southeast region's smallest issuer last year, has started 2003 with a sizeable amount of bond issuance as of March 27, 2003. New-issue volume grew to 674 million...

  • Moody's Puts Michigan on Watch, Citing Weak Economy. Carvlin, Elizabeth // Bond Buyer;3/28/2003, Vol. 343 Issue 31803, p3 

    Moody's Investors Service Inc. placed the state of Michigan's general obligation debt on its watch list for a possible downgrade, citing the weak economy that has caused the state to deplete its reserves.The action affects about 1.1 billion dollars of general obligation debt and about 15 billion...

  • Moody's Upgrades Brunswick County, N.C., to A2. DeSue, Tedra // Bond Buyer;1/8/2008, Vol. 363 Issue 327820, p4 

    The article reports that Brunswick County, North Carolina was upgraded to A2 from A3 by Moody's Investors Service Inc. ahead of its planned sale of $54 million of enterprise revenue bonds. The bonds will be used to fund projects for the county's water and sewer system. According to Moody's, the...

  • Central Ark. Water Revs Raised to Aa3 by Moody's.  // Bond Buyer;5/21/2007, Vol. 360 Issue 32633, p2 

    The article reports on the bond rating assigned by the Moody's Investors Service Inc. to Central Arkansas Water's revenue bonds. Moody's has assigned a Aa3 rating to the state's $17,625,000 water revenue bonds, and upgraded the system's parity debt rating to Aa3 from A1, affecting a total of...

  • Moody's Downgrades New Jersey to Aa3. D'Ambrosio, Jill // Bond Buyer;7/29/2004, Vol. 349 Issue 31936, p4 

    Reports that Moody's Investors Service has downgraded New Jersey's general obligation rating and lowered most of the state's appropriation-backed debt. Effect of the downgrade on the state's credit.

  • MOODY'S GIVES CONN. A NEGATIVE OUTLOOK. Phillips, Ted // Bond Buyer;10/27/2009, Vol. 370 Issue 33206, p1 

    The article reports on the rating that Moody's Investors Services Inc. gave to the financial outlook of Connecticut. According to the article, the agency rated the state's outlook to negative from stable due to the use of one-shot solutions to balance on its balance fiscal 2010-2011 biennial...

  • Cortland, N.Y., Bonds Cut to Baa1 by Moody's.  // Bond Buyer;11/8/2006, Vol. 358 Issue 32504, p2 

    The article reports on the statement of Moody's Investors Service Inc. that it has assigned a Baa1 rating to Cortland, New York's $3.85 million of public improvement bonds and downgraded to Baa1 from A3 with a negative outlook $17.18 million of previously issued parity debt. The Baa1 reflects a...

  • Moody's: Puerto Rico Now Negative. Cataldo, Adam L. // Bond Buyer;9/22/2004, Vol. 349 Issue 31974, p1 

    Reports on Moody's Investors Service Inc.'s revision of Puerto Rico's general obligation bond rating to negative. Moody's concerns on Puerto Rico's borrowing; Structural imbalance in Puerto Rico's budget for fiscal 2005.

  • Moody's Sets Schedule to Migrate Municipal Ratings to Global Scale. Saskal, Rich // Bond Buyer;9/3/2008, Vol. 365 Issue 32953, p7 

    The article reports on the decision of Moody's Investors Service Inc. to migrate U.S. public finance ratings to its global scale. The company explains that its new scale indicates that municipal securities ratings will carry the same rating for a security in other sectors such as corporate debt....


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics