WWD receives AAA bond rating

  • Written by Woodinville Weekly Staff

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.

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