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GLWA Sewer System Bonds Receive Upgrade To AA / Utility Executes Successful Bond Transaction To Secure Funding For Regional Water And Wastewater System Improvements And Garners Money-Savings Refunding
View allJuly 2, 2025
Press Release
GLWA received an upgrade from Fitch Ratings on its Sewer System to AA for the senior lien and AA- for the second lien, with affirmation of strong ratings from each of the other rating agencies. The bond transaction provides $280 million in new funding for regional water and wastewater system capital improvements and the refunding generates $77 million of cash flow savings ($61 million of present value savings).