These are --$514.6 million senior lien public
utility revenue bonds at 'AA'; and --$2.2 billion subordinate lien public utility revenue and refunding bonds at 'AA-'.
In addition to the
utility revenue bonds, the system's debt obligations included an $58 million liability related to an unconditional Lavaca-Navidad River Authority water-rights contract (payable as an O&M expense) and $50 million of U.S.
Proceeds will be used to improve and extend the water and sewer systems (the system), refund the MPC's series 2007 water development fee and subordinate lien water utility revenue bonds, and pay issuance costs.
--$92.59 million outstanding water system development fee and subordinate lien water utility revenue bonds, series 2007 (pre-refunding) at 'AA'.
Fitch rates the city's senior and subordinate lien electric
utility revenue bondsNew York: Issue: Utility Revenue Bonds, Series 2016A; Rating: Aa1; Sale Amount: $16,565,000; Expected Sale Date: 03/22/2016; Rating Description: Revenue: Government Enterprise
Issue: Utility Revenue Bonds, Series 2016B; Rating: Aa1; Sale Amount: $10,885,000; Expected Sale Date: 03/22/2016; Rating Description: Revenue: Government Enterprise
