Menu

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.

Share this post

Submit to FacebookSubmit to Google PlusSubmit to Twitter