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Article: Moody's confirms A1 rating on Los Angeles Wastewater System revenue bonds. (Moodys Investors Service)
- Article from:
- PR Newswire
- Article date:
- January 18, 1991
CopyrightCOPYRIGHT 1991 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MOODY'S CONFIRMS A1 RATING ON
LOS ANGELES WASTEWATER SYSTEM REVENUE BONDS
NEW YORK, Jan. 18 /PRNewswire/ -- Effective today, Moody's Investors Service assigned an A1 rating to the Los Angeles Wastewater System Revenue Bonds Series 1991-A. The expected public sale, $112.41 million on Jan. 22, brings the total amount of revenue debt outstanding to $814,466,000. All debt is secured by a first lien on system net revenues.
In assigning the rating, Moody's cited that satisfactory financial performance combines with service area size, diversity and stability to largely ...