Standard & Poor’s, Moody’s reaffirm OKC Utilities’ triple-A bond ratingsPublished: Friday, May 31, 2019 By: Staff Reports Source: VeloCity
The Oklahoma City Water Utilities Trust (OCWUT) has again earned the highest possible ratings from S&P Global Ratings (Standard & Poor’s) and Moody’s, two of the nation’s most respected financial rating agencies.
The agencies reaffirmed OCWUT’s AAA and Aaa ratings in reports released in May and March. The ratings place OCWUT among the top 7% and 5%, respectively, for municipal water and wastewater utilities nationwide.
In its report, Standard & Poor’s commended OCWUT for its “extremely strong enterprise and financial risk profiles … (and) strong liquidity levels,” and its position as Oklahoma’s largest water utility and regional water supplier with “ample water supply to meet future demand.” It also cited the utility’s “strong asset management, capital and drought plans” as reasons for its high ratings.
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