LOS ANGELES (February 6, 2018) – S&P Global Ratings (S&P) has given the Los Angeles Department of Water and Power’s (LADWP) $8.9 billion power system revenue bonds an added vote of confidence by raising the Department’s credit rating from “AA-” to “AA.” The upgrade is a reflection of LADWP’s strong financial health and ability to […]
Bond rating
LADWP Receives High Ratings from Top Wall Street Ratings Agencies as Power Revenue Bonds are Issued
LADWP Receives High Ratings from Top Wall Street Ratings Agencies as Power Revenue Bonds are Issued LOS ANGELES — The recent sale of Los Angeles Department of Water and Power (LADWP) power system revenue bonds issued on May 4 had an overwhelming response with over $1.5 billion of orders made on the $275 million offering. […]
LADWP Successful Bond Transaction Achieves Lowest Interest Rate in 15 Years
LADWP Successful Bond Transaction Achieves Lowest Interest Rate in 15 Years LOS ANGELES – Tuesday, the Los Angeles Department of Water and Power’s (LADWP) Chief Financial Officer Jeff Peltola and staff presented the Board of Water and Power Commissioners with a report outlining the successful sale of $628.6 million in Water System Revenue Bonds, 2016 […]
