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Home My Public Portal AboutExhibit MSD 18A1 Bond Buyer Extract of Use of Debt by Water and Sewer UtilitiesBOND BUYER EXTRACT OF USE OF DEBT BY WATER & SEWER UTILITIES Exhibit MSD 18A1 Versailles, Ky., Waters Cut to A2 by Moody's Bond Buyer 1J un 23, 201 1 NEW YORK - Moody's Investors Service said it downgraded to A2 from Al the city of Versailles, Ky.'s water and sewer bonds, affecting $22.3 million in outstanding parity debt. St. Louis Sewer District Submits $945M Bond Plan for Capital Projects Bond Buyer Jun 6. 201 1 CHICAGO — The Metropolitan St. Louis Sewer District has submitted a proposal to its rate -setting commission asking voters for authority to issue $945 million of bonds in coming years to fund capital projects, many of which are required under a tentative $4.7 billion agreement reached with federal authorities to settle a lawsuit. Massachusetts Water Sets $150M Offering Bond Buy er Ma) 9, 201 1 The Massachusetts Water Resources Authority will issue $150 million of senior revenue bonds this week to help fmance water and sewer projects in the Boston area. Fitch Downgrades North Texas MWD Contract Revs to A -Plus Bond Buyor Mar 2-1. 2011 NEW YORK - Fitch Ratings said it downgrades North Texas Municipal Water District, Texas's $50.2 million Panther Creek Regional System contract revenue bonds to A -plus from AA -minus. Bond Buyer 1 Mar 1, 2011 Little Rock Wastewater officials will meet with the city's Sanitary Sewer Committee on Thursday to determine how to finance at least $200 million of capital improvements to the system. Fitch Upgrades Fort Collins, Colo., Sewer Revs to AA -Plus Bond Buyer Feb 9, 2011 NEW YORK - Fitch Ratings said it upgraded Fort Collins, Colo.'s outstanding $35.4 million wastewater utility enterprise sewer revenue bonds to AA -plus from AA. Fitch Cuts El Paso de Robles, Calif., Sewer Revs to AA -Minus Bond Bu.ra er Feb 2, 201 1 NEW YORK - Fitch Ratings said it downgrades the city of El Paso de Robles (Paso Robles) Public Financing Authority, Calif., $7.1 million of sewer revenue bonds, series 2002 to AA -minus from AA. Fitch Affirms Georgetown, TX's Combined Util Revs at 'AA-'; Outlook Stable F' and Buj e .1 a 28. 20 i i Fitch Ratings takes the following rating action on the city of Georgetown, Texas' utility system revenue bonds: --$485,000 utility system revenue refunding bonds, taxable series 1998B, affirmed at 'AA-'. The Rating Outlook is Stable. RATING RATIONALE: --The financial performance of Georgetown's combined electric, waterworks, and sewer funds has been consistently strong; debt service coverage and days cash on hand (DCOH) have averaged 3.6 times (x) and 123 days, respectively, over the past three fiscal years versus Fitch's 'AA-' rating... Raleigh to Tap Triple -A Water Debt Bond Buyer Jan 27, 201 1 Raleigh, N.C., is issuing $114.5 million of triple -A -rated water and sewer revenue bonds Thursday, bolstering city utility resources that have been constrained in recent years by the national recession and a regional drought. Fitch Upgrades Citrus Co., Fla., Water/Wastewater Revs to AA -Minus Bond Buyer Jan 10, 2011 NEW YORK - Fitch Ratings said it upgraded Citrus County, Fla.'s , $50 million water & wastewater revenue bonds, series 2007, to AA -minus from A -plus. Grand Prairie, Texas, Raised to AAA by S&P Bond Buy el Jan 7. 201 1 NEW YORK - Standard & Poor's Ratings Services said it raised to AAA from AA -plus its long-term rating on the city of Grand Prairie, Texas, and assigned a AAA rating and stable outlook to the city's series 2011 water and wastewater system revenue refunding bonds. Moody's Drops Georgia County's Water and Sewer Bonds to Aa3 Bond Buyer Jan 5. 201 1 BRADENTON, Fla. — Moody's Investors Service downgraded Fulton County, Ga.'s water and sewer revenue bonds to Aa3 from Aa2 , citing the system's weakened financial position and narrowed debt -service coverage. Utility on Shaky Ground Bond Buyer Dec 28, 2010 Little Rock Wastewater will be insolvent by mid -2012 unless the Sanitary Sewer Commission raises rates or cuts spending, according to a new financial plan presented to the commission last week. Chicago Water District Set to Offer $500M of Top -Rated BABS Bond Buyer' Dec 14, 2010 CHICAGO — The top -rated Metropolitan Water Reclamation District of Greater Chicago aims to enter the market Wednesday with $500 million of mostly taxable Build America Bonds — but it may reduce, restructure, or postpone the sale depending on interest rates. Water System Nets AAA Bond Buyer`Nov 4. 2010 Charleston's water and sewer bonds on Tuesday received an upgrade to AAA from AA - plus by Standard & Poor's based on strong financing operations. Chicago to Float $780M Over 2 Weeks Bond Buz°er j Oct 25, 2010 CHICAGO — Chicago will enter the market this week with $280 million of new -money and refunding wastewater revenue bonds and follow up next week with $500 million of new -money and refunding water revenue debt. The deals will include Build America Bonds and qualified energy conservation bonds. Chicago Water District Issues BAB RFP Bond Buyer Oct 18, 2010 CHICAGO — The Metropolitan Water Reclamation District of Greater Chicago is conducting its first request for proposal process for underwriters as it prepares to sell $500 million of mostly Build America Bonds before the end of the year to help finance a long-term capital program of more than $2.5 billion. IRS Closes Audit of Houston -Area Utility's Bonds With No Change Bond Buyer Sep 10. 2010 WASHINGTON — The Cinco Municipal Utility District No. 1 near Houston announced that the Internal Revenue Service has closed an audit of $5.2 million of revenue bonds it issued with no change to their tax-exempt status. Sacramento District Faces $2.1B Price Tag for Water Purification Bond Buytr Sep 9. 2010 MENLO PARK, Calif. — Sacramento's sanitation district may be forced by California to spend more than $2 billion to raise its wastewater purification standards to comply with more stringent environmental rules. Hanover Borough, Pa., GOs Raised to AA -Minus by S&P Bond Buyer ' Aug 17, 20 I 0 NEW YORK - Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating (SPUR) on Hanover Borough, Pa.'s general obligation (GO) debt one notch to AA -minus from A - plus based on the borough's maintenance of very strong reserves through various economic cycles. The outlook is stable. Colorado Springs to Tap Bond Market for Water Pipeline In estment Dealers' Digest Aug 13. 2010 Colorado Springs to Tap Bond Market for Water Pipeline Colorado Springs to Tap Bond Market for Water Pipeline Bond Buyer Aug 13, 2010 DALLAS — Colorado Springs is preparing to sell $477 million of utility system revenue bonds that will include refunding and new money for a 62 -mile water pipeline called the Southern Delivery System. Indianapolis OKs Bid To Sell Water System Bond Buyer Jul 28. 2010 CHICAGO — The Indianapolis -Marion County City County Council Monday night approved a high -profile plan to sell the city's water and sewer systems to a local nonprofit utility. Water Funds for Everyone Bond Buyer 1 J111 26, 2010 Pennsylvania Infrastructure Investment Authority funds will help fmance $129 million of drinking water and wastewater capital projects in 33 different counties. Texas Utility District Cites Audit Bond 13 er , .i ill 20; 2010 The Cinco Municipal Utility District No. 1, located near Houston, has disclosed that the Internal Revenue Service is auditing $5.2 million of revenue bonds it issued in 2002 to fmance water and sewer infrastructure. Honolulu, EPA Reach Water Pact Bond Buyer .Iu 2. 2010 Honolulu and the U.S. Environmental Protection Agency have announced a proposed consent decree that would end long -running litigation over the city's wastewater system, Mayor Mufi Hannemann said Monday.