WSSC's Upcoming $250 Million Bond Sale
Receives AAA bond rating from all three rating agencies
OFFICE OF COMMUNICATIONS AND COMMUNITY RELATIONS
FOR IMMEDIATE RELEASE
Laurel – October 25, 2012: On Tuesday, October 30, the Washington Suburban Sanitary Commission (WSSC) will sell $250 million of Consolidated Public Improvement Bonds to fund its budgeted capital projects. The upcoming issue is rated AAA by all three rating agencies, Fitch Ratings, Standard & Poor’s and Moody’s Investor Service.
WSSC General Manager/CEO Jerry N. Johnson said: “Proceeds from the sale of these bonds will provide funding for our ongoing Capital Improvements Program and allow the Commission to continue addressing our aging infrastructure challenge through the Reconstruction Programs.”
Fitch Ratings said in a statement that “The 'AAA' rating primarily reflects the wealth and extraordinary diversity of Washington Suburban Sanitary Commission District's bi-county tax base, Montgomery and Prince George's counties (GO bonds for both counties rated 'AAA' with a Stable Outlook by Fitch).”
WSSC Water is the proud provider of safe, seamless and satisfying water services, making the essential possible every day for our neighbors in Montgomery and Prince George’s counties. We work to deliver our best because it’s what our customers expect and deserve.