District receives AA+ rating from Fitch

By October 20, 2020

TRWD been upgraded to an AA+ bond rating by Fitch Ratings Service. The District had previously been rated AA.

“This is great news and our staff should be commended for the hard work that went into securing this ratings upgrade,” said Jack Stevens, TRWD’s board president. “It is a reflection of how our organization is viewed in the financial market and couldn’t happen without their efforts to control costs and maximize efficiency.”

In addition, Standard and Poor (S&P) Rating Service has reaffirmed TRWD’s AAA rating.

To view Fitch’s announcement of the ratings upgrade, please visit the Fitch Ratings website.

Lake Current Level Conservation Level* Level Difference**
Arlington 549.33 550.00 -0.67
Benbrook 697.07 694.00 3.07
Bridgeport 826.89 836.00 -9.11
Cedar Creek 322.03 322.00 0.03
Eagle Mountain 649.14 649.10 0.04
Lake Worth 593.36 594.00 -0.64
Richland-Chambers 315.25 315.00 0.25
*Conservation Level: The permitted level of water an entity is allowed to hold in a lake. Any amount above the conservation level is used for the temporary storage of flood waters and must be released downstream.
**Difference: Amount above or below conservation level.
For more information read our daily reports or the TRWD Lake Level Blog.

Check out the TRWD OneRain portal for a visualization of this information and more.

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