Printer Friendly

REEDY CREEK IMPROVEMENT DISTRICT'S FLORIDA UTILITIES REVENUE BONDS RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

REEDY CREEK IMPROVEMENT DISTRICT'S FLORIDA UTILITIES REVENUE BONDS RATED
 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 27 /PRNewswire/ -- Reedy Creek Improvement District's $186 million Utilities Revenue Bonds are rated "A+" by Fitch. The credit trend is stable. The district currently encompasses about 29,100 acres in central Florida, including The Walt Disney World Resort Complex. The in central Florida, including The Walt Disney World Resort Complex. The


the utility system remains favorable. While rates are competitive with those of neighboring utilities, added flexibility is provided by the district being the sole supplier of utility services to its territory. Capital additions are manageable and will be tied to future growth of the Disney World theme park.
 Credit concerns center on the importance of a single entity, The Walt Disney Co., to the security of the bonds. Although theme park attendance and financial results have been hurt by the recent recession and the Gulf War, Disney's position as a leading international entertainment concern and the planned expansion of its domestic theme parks should bode well for the longer term.
 -0- 11/27/91
 /CONTACT: Alan Spen, 212-908-0594 or Rebecca Bachman, 212-908-0516, both of Fitch/ CO: Reedy Creek Improvement District ST: Florida IN: UTI SU: RTG SU: RTG


SH -- NY021 -- 7715 11/27/91 11:56 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 27, 1991
Words:216
Previous Article:ARMSTRONG WORLD INDUSTRIES ISSUES STATEMENT
Next Article:PE, ASSISTANCE AGENCIES URGE FAMILIES TO SEEK EMERGENCY ENERGY AID
Topics:


Related Articles
LOS ANGELES $200 MILLION WASTEWATER REVENUES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
KISSIMMEE UTILITY AUTHORITY, FLA. REVENUE BONDS RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
SANTEE COOPER, S.C., REVENUE BONDS RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
NORTH BROWARD HOSPITAL DISTRICT SERIES 1992 BONDS RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
CHELAN COUNTY (WASH.) $20 MILLION PUBLIC UTILITY DISTRICT NO. 1 BONDS RATED 'A+' -- FITCH FINANCIAL WIRE --
AUSTIN, TEXAS COMBINED UTILITY SYSTEMS BONDS RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
ORLANDO (FLA.) CONVERTIBLE LIEN REFUNDING SPECIAL REVENUE BONDS 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
CHELAN CO. (WA) PUD No. 1 CONSOLIDATED HYDRO BONDS RATED 'A+' BY FITCH --FITCH FINANCIAL WIRE--
ORLANDO, FLA. CAPITAL IMPROVEMENT REFUNDING SPECIAL REVENUE BONDS 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --
KANSAS CITY, KANSAS, BOARD OF PUBLIC UTILITIES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters