Dashboard of Key Indicators

Financial Responsibility

Credit Rating

Water Authority Bond Ratings

As of June 30, 2018
Rating AgencySenior Lien Ratings*Subordinate Lien RatingsOutlook
Standard and Poor's (S&P)AAAAA+Stable
FitchAAAAStable
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, 2018
Rating Category*
AAAAAWater Authority Rating
S&PFitchS&P(1)Fitch(1)
Senior Lien Debt Service Coverage3.3X3.2X1.44X1.72X
All-In Debt Service Coverage2.35X2.5X1.36X1.63X
Days Cash on Hand448591253314

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