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Rancho California Water District receives upgraded bond rating

 

Last updated 12/14/2018 at 4:26am



TEMECULA – Moody’s Investors Service upgraded Rancho California Water District’s water revenue bond rating to “Aa1” and assigned a stable outlook. The water district also maintained their “AAA” rating with Standard and Poor’s and Fitch Ratings.

The rating increase is in recognition of the district’s strong financial management practices and policies, progressive rate structure and recent actions to improve the funding health of its pension plan. 

Achieving the “Aa1” rating will benefit the district and its customers by helping to lower future interest costs on new d...



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