Carter County First Utility District, TN Revenue Bond Outlook Revised To Positive

Stocks and Financial Services Press Releases Tuesday September 19, 2017 08:52
CENTENNIAL--19 Sep--S&P Global Ratings

CENTENNIAL (S&P Global Ratings) Sept. 18, 2017--S&P Global Ratings revised its outlook to positive from stable and affirmed its 'A-' rating on First Utility District of Carter County, Tenn.'s existing utility revenue bonds. At the same time, S&P Global Ratings assigned its 'A-' long-term rating to the district's series 2017 waterworks revenue refunding bonds. The rating reflects, in our opinion, an adequate enterprise risk profile and very strong financial risk profile. "The rating reflects our view of the water system's very strong financial risk profile and adequate enterprise risk profile," said S&P Global Ratings credit analyst John Schulz. The series 2017 bonds are being issued to refund a portion of the district's series 2000 bonds.

Carter County First Utility District provides retail water services to the area of Carter County located in the eastern division and in the northeast portion of the state of Tennessee. The county seat is Elizabethton, and the district is approximately 10 miles from the Tri-Cities area, including the cities of Kingsport, Johnson City, and Bristol. 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.globalcreditportal.com and at www.spcapitaliq.com. All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

TQM to float 75m IPO shares to finance online platform introduction for digital insurance

SEC has start counting Day 1 on TQM's filing for an IPO of up to 75,000,00 shares at THB 1.0 each, to raise fund to development an online platform that will suit the current digital environment. TQM's management are working to grow the company's four...

UOB and Grab announce strategic regional alliance to accelerate the use of digital services among ASEAN#s consumers

Alliance will fuel Grab's ambition to build ASEAN's first everyday "super app" and complement UOB's efforts to scale up its regional customer franchise United Overseas Bank Limited (UOB) and Grab today announced they have entered into a strategic...

Photo Release: KBank teams with Thai Lion Air to kick off air ticket payment service via QR code

Mr. Vallop Vongjitvuttikrai (second from left), KBank Executive Vice President, and Mr. Aswin Yangkirativorn, Chief Executive Officer of Thai Lion Mentari Co.,Ltd., launched the payment-acceptance service for Thai Lion Air tickets via QR code on K PLUS...

Alibaba Group Announces September Quarter 2018 Results

Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended September 30, 2018. "Alibaba had another strong quarter of rapid growth. In particular, annual active consumers increased by 25 million to reach 601...

Photo Release: KBank welcomes participants of Dream toward Government House Realized by the Military Program

Recently, at KBank Rat Burana Main Branch, President Kattiya Indaravijaya welcomed the youths who take part in the "Dream toward Government House Realized by the Military" Program Class 5 of 2018, organized by Suranaree Force and Internal Security...

Related Topics