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Credit Ratings

A collection of news and information related to Credit Ratings published by this site and its partners.

Top Credit Ratings Articles see all

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  • Glendale Council approves rate increases

    Glendale Council approves rate increases
    In a 3-2 vote, the City Council on Tuesday night approved five years of electricity rate increases through 2018. When compounded, the increases equate to a 29% hike for Glendale's residents.
  • Glendale council OKs bonds for power utility upgrades

    Glendale council OKs bonds for power utility upgrades
    The City Council this week approved issuing $60 million in bonds for electricity-related capital improvements, a move that will cost city coffers about $3 million a year in principle and interest payments. The bonds, which were already incorporated into...

    Letter: High bond rating not important

    Congratulations to Bert Ring on his Sept. 28 political cartoon. Our City Council has again come out saying the Los Angeles County civil grand jury report on the fiscal health of our city was not worth the paper on which it was printed. Our financial...

    Glendale Water & Power could face rating dip

    Glendale Water & Power could face rating dip
    Several bond-rating agencies this week warned that without an increase in electric rates this year, Glendale Water & Power could face a downgrade due to its weak financial performance. The warnings come weeks before a City Council election in which three...

    GWP rolls up its sleeves

    Glendale Water & Power is set to spend $7.8 million on capital improvements and research projects this year — a major boost for the system that officials said could only be achieved after issuing $35 million in bonds last month. The projects,...