ReWa’s Bond Ratings
Moody’s Investors Service Bond Ratings
In March of 2017, Moody’s Investors Service upgraded ReWa’s credit rating on senior-lien revenue bonds one notch to ‘Aa1’ from ‘Aa2’ and upgraded the junior-lien revenue bonds rating two notches to ‘Aa1” from ‘Aa3’.
The Aa1 rating reflects ReWa’s well-managed financial position and the continued growth of Greenville’s economy. The Aa1 rating should allow ReWa to obtain lower interest rates on future borrowings.
Standard & Poor’s Ratings Services Bond Ratings
On October 1, 2015, Standard & Poor’s Ratings Services raised its rating on Renewable Water Resources senior-lien revenue debt one notch to ‘AA+’ from ‘AA’. The outlook is stable. Simultaneously, Standard and Poor’s affirmed its ‘AA’ rating, with stable outlook, Renewable Water Resources subordinate-lien debt.