Dashboard of Key Indicators

Financial Responsibility

Credit Rating

Water Authority Bond Ratings

As of May 25, 2016
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 May 25, 2016
Rating Category*
AAAAAWater Authority Rating
S&P**FitchS&P(1)Fitch(1)
Senior Lien Debt Service Coverage2.25X2.6X1.5X1.5X
All-In Debt Service Coverage1.92X2.2X1.45X1.45X
Days Cash on Hand37642630488

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