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Fitch Ratings reaffirms Vallecitos' ‘AA+’ rating with a “Stable Outlook”

Post Date:06/05/2017 5:29 PM

A strong financial recovery from the recent drought resulted in Fitch Ratings recently reaffirming Vallecitos Water District’s credit rating of ‘AA+’, with a “Stable Outlook” into the foreseeable future. Fitch’s analysis determined the factors for the favorable rating to be: 

  • a strong financial profile
  • manageable debt burden
  • managing rising costs
  • recovering costs with competitive rates
  • water supply diversification

Vallecitos’ rating was bolstered by the recently secured drought-proof supply of water through the Carlsbad Desalination Plant. The AA+ rating is a testament to the actions taken by the Vallecitos Board to ensure that Vallecitos is properly run financially.

Press release

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