And, I do loves me some schadenfreude on stuff like this.
Anway, what's the reason for my schadenglee?
Water and hydroelectric power supply concerns is likely to affect ratings on related future bonds. MAY, though. Currently - shock me - Moody’s, Standard & Poor’s and Fitch Ratings don't do that. And they are huffy over the suggestion they should.
I'd love to see Orange County, or Riverside County, in California, or Maricopa County (Phoenix) in Arizona, or municipalities therein, pay an extra, ohhh, 200 basis points for some future bond issue.
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