Standard & Poor's Ratings Services said it raised its long-term rating and underlying rating to AA-minus from A-plus on Trinity County Public Utility District, Calif.'s electric revenue bonds and certificates of participation.
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The outlook is stable.
"The rating action reflects our view of the district's improved liquidity and competitive position as well as its maintenance of very strong debt service coverage (DSC)," said Standard & Poor's credit analyst Paul Dyson.
The stable outlook reflects anticipation of continued financial flexibility offered by competitive rates, the rate surcharge mechanisms, and continued strong DSC and exceptional cash reserves.
