OREANDA-NEWS. S&P Global Ratings assigned its 'A+' long-term rating to Suisun Solano Water Authority, Calif.'s series 2016 water revenue bonds. The outlook is stable.

"The rating reflects our view of the authority's very strong enterprise risk profile and strong financial risk profile," said S&P Global Ratings credit analyst John Schulz.

The series 2016 bond proceeds are anticipated to be used to replace, upgrade, and rehabilitate the treatment, storage and distribution systems of the enterprise.

The authority includes all land within the boundaries of Suisun City and certain additional land within the district. The service area is located near and benefits from Vallejo-Fairfield MSA. The authority serves approximately 29,000 people in the Suisun Valley between the Vaca Mountains and the Suisun Marsh.