Post Date:01/30/2024 11:20 AM

Standard & Poor’s (S&P) and Fitch Ratings recently announced independent ratings of Highlands Ranch Water and Sanitation District’s revenue bonds at AAA and AA+ respectively. The ratings specifically rate the district’s $62.4 million water and wastewater revenue bonds, series 2024, and confirm Highlands Ranch Water’s long-standing commitment to strong and responsible financial management.

According to the S&P report, the AAA rating reflects its view of Highlands Ranch Water’s effective management practices and policies, as represented by sufficient water supply and treatment capacity to meet demand, a focus on long-term wastewater system reliability, compliance with new environmental regulations, long-term capital and financial planning, and formalized policies.

“These ratings are a direct reflection of Highlands Ranch Water’s long-standing commitment to excellence,” said Director of Finance and Administration Zach Cartaya. “It’s no secret this year was a balancing act as we moved from a focus on building and growing, to one of maintaining an aging system. While faced with challenging choices, our team adeptly steered through to guarantee optimal value for our customers at a competitive rate.”

“The high ratings from both S&P and Fitch are an affirmation of our positive financial management at a time when we are challenged with system upgrades, new regulatory requirements, water supply demands, and more,” said General Manager Sam Calkins. “I am proud of the work our staff has done to position the district so we can successfully navigate the challenges today and those on the horizon.”