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AWU |
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Bond proceeds will be used to refund approximately $135 million of the city's outstanding tax-exempt commercial paper (CP) notes issued for AWU to finance system expansion, rehabilitation and infrastructure improvements to the water and wastewater system. Fitch also recognizes that AWU debt service coverage and liquidity levels have been below their historical averages over the last two years and expects to see improvements in both areas, so as to not make a negative impact on the combined system. Fitch also recognizes that AWU debt service coverage and liquidity levels have been below their historical averages over the last two years and expects to see improvements in both areas, so as to not have a negative impact on the combined system. |
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