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).”
For 100 years, WSSC has proudly served the citizens of Prince George’s and Montgomery counties – providing drinking water that has always met strict Safe Drinking Water Act standards and protecting the environment through vital water resource recovery services. Our vision is to be THE world-class water utility, where excellent products and services are always on tap.