September 22, 2023

Fitch Ratings reaffirms the Vallecitos Water District’s ‘AA+’ rating with a “Stable Outlook”

Prudent financial planning and reasonable assumptions in an uncertain global environment result 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:

  • Very strong revenue defensibility
  • Low operating risk profile
  • Favorable service area
  • Affordable rates
  • Sound debt coverage and liquidity levels

    Vallecitos’ rating was bolstered by an informed forecast pointing to continued solid performance. The AA+ rating is a testament to the actions taken by the Vallecitos Board to ensure that Vallecitos is properly run financially.

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