|WWD receives AAA bond rating|
|Written by Woodinville Weekly Staff|
|Tuesday, 28 August 2012 10:04|
Standard & Poor’s Ratings Services (S&P) has assigned a rating of AAA to the Woodinville Water District (WWD). S&P were impressed with the District’s strong financial metrics, its excellent management team and its good and extensive financial management policies, including maintaining a balanced budget, maintaining a minimum 5 year capital plan, a 60-day minimum operating reserve and exceeding legal rate covenants.
AAA is S&P’s highest rating and is a strong indicator of the financial health and strength of the District. This rating will assure that the District receives the lowest possible borrowing rates available.