AUSTIN – (August 17, 2017) – Standard and Poor’s (S&P) and Fitch Ratings have both reaffirmed “AAA” ratings for the Texas Water Development Board’s (TWDB) upcoming bond issuance from the State Water Implementation Revenue Fund for Texas (SWIRFT). “AAA” is the highest assigned rating, resulting in a lower cost of funds that will allow the TWDB to continue to pass on cost savings to its customers. “SWIRFT’s ‘AAA’ ratings once again demonstrate the solid fiscal […]
