Merritt currently classifies utility credits into the following sectors: Retail Electric, Water/Sewer, Wholesale Electric, Gas, and Solid Waste. Retail Electric, Water/Sewer, and Wholesale Electric are considered to be a part of the Merritt Standard Sector offering.

Records for utility credits are created in CreditScope based upon the pledged revenues on outstanding debt - a straightforward process when only one source of revenue is pledged.

As its name implies, a combined utility provides more than one type of utility service. When a combined utility credit is backed by more than one source of revenue, the sector is determined by which utility is responsible for paying the majority of the debt. If the official statement does not provide a breakout, Merritt examines the audited financial statements to determine which utility provides the majority of the revenues.

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