The Metropolitan Water District of Southern California

Issuer Overview

The Metropolitan Water District of Southern California

Issuer Type: Water / Sewer

Ratings

1 of 7

Issuer Ratings

Fitch
AA+

General Obligation

Fitch
AAA
Moody's
Aaa

Senior Lien Water Revenue

S&P
AAA
Fitch
AA+
Moody's
Aa1

Subordinate Lien Water Revenue

S&P
AA+
Fitch
AA+

Special Variable Rate Water Revenue Refunding Bonds, 2022 Series C-1

S&P
AAA/A-1+
Fitch
AA+/F-1+

Special Variable Rate Water Revenue Refunding Bonds, 2022 Series C-2

S&P
AAA/A-1
Fitch
AA+/F-1

Variable Rate Subordinate Water Revenue Refunding Bonds, 2024 Series B-1

Fitch
AA/F1+

Our Commitment to Transparency

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Issuing bonds helps to fund, build and maintain critical infrastructure investments that our regional economy depends on and needs.  These investments include a regional recycled water program, water quality improvements, clean energy upgrades and our core distribution system, among other capital improvement projects.  Metropolitan is committed to maintaining our strong bond ratings with exceptional financial metrics, strong management and integrated planning for an uncertain future. In addition, we adhere to a policy of transparency with our investor community and the general public at-large.

Katano Kasaine, Assistant General Manager, Finance & Administration