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Metropolitan Water Reclamation District Bonds Earn Highest Ratings

Terrence J. O’Brien, President of the Board of Commissioners of the Metropolitan Water Reclamation District of Greater Chicago (District), announced today that the bond rating agencies of Standard & Poor’s, Moody’s Investors Services and Fitch have all given the District their highest possible ratings. The District is one of only four wastewater and water agencies in the country to have the highest possible bond ratings from the three large rating agencies.

President O’Brien said, “These high ratings are welcome news as the District prepares to sell $350 million in General Obligation Capital Improvement Bonds. In their comments, Moody’s Investors Services cited the District’s conservative budgeting and reliance upon stable property tax revenues and the essential service provided by the District as reasons for the high rating. Moody’s also said they believed the District’s financial plans will remain strong.

“The Board of Commissioners works hard to make the best possible use of tax dollars. Careful fiscal planning and sound investment practices mean the District is committed to maintaining the excellent bond ratings--AAA from Moody’s Investor’s Services, AAA from Fitch and AAA from Standard and Poor’s.”