TITLE

Fitch Drops LADWP's Water Bonds to AA From AA-Plus

AUTHOR(S)
Saskal, Rich
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/27/2006, Vol. 355 Issue 32307, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Fitch Ratings Inc. downgraded the Los Angeles Department of Water and Power's water revenue bonds to AA from AA-plus. The reason behind the action is the declining actual and projected liquidity levels of the bonds. The action affects about $1.5 billion in outstanding debt and two new issues totaling $475 million planned over the next two weeks.
ACCESSION #
19752193

 

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