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bond rating |
Also found in: Financial, Wikipedia | 0.04 sec. |
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The preferred shares are rated Pfd-3 (High) by Dominion Bond Rating Service (DBRS) and P-3 (High) by Standard and Poor's (S&P). If the increase isn't approved in the next several weeks, the municipal utility's bond rating will suffer and ratepayers will be socked with higher interest payments in the long term, DWP officials said. There are financial advisors to handle the preliminaries, bond counsel for all the legal complexities, and--perhaps most crucial of all these days--the three bond rating agencies. |
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