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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

Displaying items 1-5
  • Glendale OKs electric rate study

    Without a single comment or question, the Glendale City Council this week unanimously approved spending roughly $71,000 on a study that will lay the groundwork for a proposed electric rate increase.
  • 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,...

    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...

    Glendale moves to issue more water bonds for infrastructure upgrades

    Glendale moves to issue more water bonds for infrastructure upgrades
    With Glendale’s bond rating under scrutiny, the City Council this week moved toward issuing $35 million in water bonds to cover the cost of planned infrastructure work. In October, Moody’s Investors Service put Glendale and dozens of other...

    Water bonds narrowly approved

    Keenly aware that Glendale is being watched closely by credit-rating agencies, the City Council this week narrowly approved issuing $35 million in water bonds to improve the city-owned utility’s liquidity. The flush of cash is set to be used...