S&P gives AA+/A-1 to Central Utah Water G.O. bonds

Standard & Poor's said it assigned an AA+/A-1 rating to the Central Utah Water Conservancy District, Utah's $148.8 million general obligation limited tax refunding bonds, series 2008A.

The outlook is stable.

The short-term component of the rating represents the likelihood of payment of tenders and reflects a standby bond purchase agreement provided by Landesbank Hessen Thuringen Girozentrale (A/A-1).

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