Dashboard of Key Indicators

Financial Responsibility

Credit Rating

Water Authority Bond Ratings

As of June 30, 2017
Rating AgencySenior Lien Ratings*Subordinate Lien RatingsOutlook
Standard and Poor's (S&P)AAAAA+Stable
FitchAA+AAStable
Moody'sAa2Aa3Stable

*Senior lien ratings include the Water Authority's Revenue Bonds and Certificates of Participation.

Fitch and S&P Financial Metrics

As of June 30, 2017
Rating Category*
AAAAAWater Authority Rating
S&P**FitchS&P(1)Fitch(1)
Senior Lien Debt Service Coverage3.11X2.8X1.58X1.55X
All-In Debt Service Coverage2.28X2.3X1.5X1.49X
Days Cash on Hand448499269329

(1) Based on metrics provided by S&P and Fitch rating agencies
* Average (median) of all agencies
** Based on 2013 credit ratio medians