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Moulton Niguel Water District has once again secured the highest possible credit rating from two of the world’s leading credit rating agencies.
Fitch Ratings and S&P Global Ratings have reaffirmed their highest possible AAA-credit rating for Moulton Niguel Water District, based on the District’s strong financial record, affordable rates, and responsible financial management.
“We take great pride in meeting the rigorous financial standards set by two globally recognized rating agencies,” said Moulton Niguel President Duane D. Cave. “Moulton Niguel will continue to invest in our water infrastructure to ensure safe and reliable water, wastewater and recycled water service at affordable rates for decades to come.”
S&P Global highlighted the District’s “robust and well-embedded policies and practices” as well as its “ongoing operational and financial practices, which we view as exceptional.” Fitch Ratings praised Moulton Niguel for its “exceptionally strong financial profile.”
Beyond validating the District’s strong financial picture, the prestigious AAA-credit rating helps Moulton Niguel reduce its borrowing costs for long-term capital investments in its water infrastructure system. “Much like a strong personal credit score, our AAA-credit rating ensures borrowing costs remain as low as possible,” said Joone Kim-Lopez, Moulton Niguel’s CEO and General Manager.