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.