KBRA Assigns AA Rating, Stable Outlook to the Department of Water and Power of the City of Los Angeles, CA Power System Revenue Bonds, 2026 Series C

NEW YORK–(BUSINESS WIRE)– #creditratingagency–KBRA assigns a long-term rating of AA to the Department of Water and Power of the City of Los Angeles, CA (“LADWP”) Power System Revenue Bonds, 2026 Series C. The Outlook is Stable. The long-term rating reflects the stable operating and financial performance of LADWP’s Power System. LADWP is the exclusive provider of electric and water utility services within the City of Los Angeles. The Power System provides energy, transmission and distribution services to approxima

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