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SFPUC bond rating rises to AA; wastewater and water bond sales set for late May–July
San Francisco Public Utilities Commission · May 11, 2010
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Summary
Standard & Poor’s upgraded SFPUC wastewater bonds to AA and Moody’s recalibration places water and wastewater at AA; staff announced wastewater bond sales on May 26 and planned water sales on June 9 and July 21. Finance staff also proposed borrowing to support LED and renewable projects.
Todd Reedstrom, assistant general manager and chief financial officer, reported at the May 11 meeting that Standard & Poor’s upgraded the SFPUC’s wastewater ratings to AA (announced May 6) and that Moody’s recalibration also places water and wastewater in the…
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