The Washington Suburban Sanitary Commission’s (WSSC) upcoming $300 million General Obligation Bond Sale has been rated AAA by FitchRatings, Standard & Poor’s and Moody’s Investor Service. They also affirmed the AAA rating on WSSC’s outstanding debt.
WSSC General Manager/CEO Jerry N. Johnson said: “The proceeds from today’s sale will help fund our capital improvements and infrastructure renewal program, and the triple-A bond rating helps keep our borrowing costs down due to the associated lower interest rates.”
FitchRatings said in a statement that “… [WSSC] financial and capital planning practice’s are strong.” Moody’s Investor Services noted WSSC’s “sound financial position bolstered by formal fiscal policies.”
WSSC’s bond sale is scheduled for 11:00 a.m., November 1st.
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