KBRA Assigns AA Rating and Stable Outlook to Narragansett Bay Commission Combined Sewer Overflow (CSO) Phase III Facilities WIFIA Loan
NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA with a Stable Outlook to the Narragansett Bay Commission Combined Sewer Overflow (CSO) Phase III Facilities WIFIA Loan.
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Issuer: Narragansett Bay Commission |
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Assigned |
Rating |
Outlook |
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Combined Sewer Overflow (CSO) Phase III Facilities WIFIA Loan |
AA |
Stable |
The rating action is based on KBRA’s U.S. Municipal Water and Sewer Revenue Bond Rating Methodology and an assessment of the following six rating determinants identified therein:
- Management
- Legal Mechanics & Security Provisions
- Service Area & Economy
- System Characteristics
- Financial metrics
- Debt Structure & Capital Plan Requirements
To read the report, click here.
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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Contacts
Analytical Contacts:
Paul Kwiatkoski, Managing Director
(646) 731-2387
pkwiatkoski@kbra.com
Jack Morrison, Associate Director
(646) 731-2410
jmorrison@kbra.com