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Article: WATER UTILITY EARNS SUPERIOR BOND RATINGS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- August 21, 2008
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Charlotte-Mecklenburg Utilities issued the following news release:
During the past week, three of the nation's leading financial institutions renewed their high vote of confidence in Charlotte-Mecklenburg's water and wastewater operations by issuing outstanding utility bond ratings - two AAA ratings and one Aa1.
"Superior planning and management have resulted in positive financial operations and strong liquidity," according to Fitch Ratings, which awarded one of the AAAs. Fitch noted that Charlotte-Mecklenburg's water and wastewater treatment plants are "well-maintained" and "utility rates are well below average compared with those of other local systems and similarly sized utilities ...