Standard and Poor's (S&P) has assigned a 'AAA' rating to the Texas Water Development Board (TWDB) bond issuance this fall from the State Water Implementation Revenue Fund for Texas (SWIRFT). Fitch Ratings announced last week that they had also assigned the bonds a 'AAA' rating. The 'AAA' rating is the highest assigned rating and will allow the TWDB to continue to pass on cost savings to its customers.
See the HillCo update on Fitch’s bond rating.