CUSIP 688120GD0

  • ISIN: US688120GD06
  • Entity Name: Village of Osceola
  • Sector: Municipal
  • Announcement Date: 12-Jun-2018
  • Effective Date: 11-Jun-2018
  • Issue Date: *****
  • Maturity Date: 01-Dec-2023
  • Country of Issuer: United States
  • Region: N.Amer
  • Issue Currency: United States of America Dollars
  • CA Type: Rating Downgrade
  • News: The Village of Osceola`s water system (Baa2 stable) is challenged by depleted reserves and limited rate setting authority. The enterprise also has a modestly-sized service area with low resident income levels, and adequate debt service coverage. These credit challenges are balanced against a low debt ratio and the recent 3% rate increase that should modestly improve operations. Positively, the village continues to work with the Public Service Commission (PSC) on future rate increases and maintains solid legal provisions. On June 11, 2018, we downgraded the system`s revenue rating to Baa2 from Baa1. The outlook is stable.
  • Description: Municipal Name: Village of Osceola CUSIP: 688120GD0 Currency: USD Village of Osceola announced today that the Moody`s Investors Service has downgraded the ratings of the Series 2015, General Obligation Refunding Bonds from Baa1 to Baa2 on June 11, 2018.
  • Bond Document:
  • Latest Corporate Actions:

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