|Bid||0.00 x 1100|
|Ask||0.00 x 2200|
|Day's Range||17.86 - 17.90|
|52 Week Range||17.86 - 24.99|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||38.41|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A record-setting heat wave made life miserable in much of the West on Tuesday, with California stretching into its second week of excessive heat that taxed the state's power supply and threatened power shortages that could prompt blackouts while people were desperately trying to stay cool.
Announcement of Periodic Review: Moody's announces completion of a periodic review for a group of North American Utilities issuersGlobal Credit Research - 31 Aug 2022New York, August 31, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings -and other ratings that are associated with the same analytical units for the rated entity(entities) listed below.The review was conducted through a portfolio review discussion held on 24 August 2022 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. A possible outcome from periodic reviews is a referral of a rating to a rating committee.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Rating Action: Moody's revises the outlook for Sacramento Municipal Utility District, CA to positive from stable; affirms Aa3 ratingGlobal Credit Research - 29 Aug 2022New York, August 29, 2022 -- Moody's Investors Service ("Moody's") affirmed the Aa3 rating on Sacramento Municipal Utility District, CA 's (SMUD) rated revenue bonds. The outlook has been changed to positive from stable.RATINGS RATIONALEToday's rating action considers SMUD's consistently strong financial metrics including healthy and stable fixed obligation coverage levels supported by solid liquidity. The district has averaged more than 2.0x coverage of fixed obligations and 216 days cash on hand over the last three audited fiscal years, consistent with prior years and in-excess of district policy.The ratings are also supported by SMUD's position as a monopoly service provider to a high-quality, growing underlying service territory with extremely competitive rates.