Reuters logo
a year ago
BRIEF-Moody'S says has upgraded both liens of debt for both the water enterprise and sewer enterprise for the Great Lakes Water Authority (GLWA)
September 30, 2016 / 9:46 PM / a year ago

BRIEF-Moody'S says has upgraded both liens of debt for both the water enterprise and sewer enterprise for the Great Lakes Water Authority (GLWA)

Sept 30 (Reuters) - Moody'S

* Moody'S says has upgraded both liens of debt for both the water enterprise and sewer enterprise for the Great Lakes Water Authority (GLWA)

* Moody'S -For the GLWA sewer enterprise, upgraded to A3 from Baa1 and to Baa1 from Baa2 the senior and second lien sewer revenue ratings

* Moody'S -Upgrade reflects improved financial metrics for GLWA resulting from revenue growth, rate restructuring to enhance collections

* Moody'S -For the GLWA water enterprise, upgraded to A3 from Baa1 and to Baa1 from Baa2 the senior and second lien water revenue ratings

* Moody'S -Upgrade reflects improved financial metrics resulting from revenue growth, rate restructuring, and operating efficiencies Source text :

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below