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Fitch Affirms TRWD, Texas’ WaterRevs at ‘AA+’; Outlook Stable

By October 8, 2021

The ‘AA+’ IDR and issue rating on the water revenue bonds primarily reflect the purchaser credit quality (PCQ) and demonstrated credit strength of the district’s largest contracting parties coupled with the district’s own very strong operating profile. The ratings also consider the district’s relatively stable leverage (net adjusted debt to adjusted funds available for debt service) of 9.5x, but the district’s financial profile is less of a consideration in the rating.

Read more here.

 

Lake Current Level Conservation Level* Level Difference**
Arlington 546.23 550.00 -3.77
Benbrook 686.84 694.00 -7.16
Bridgeport 834.38 836.00 -1.62
Cedar Creek 320.86 322.00 -1.14
Eagle Mountain 647.97 649.10 -1.13
Lake Worth 592.97 594.00 -1.03
Richland-Chambers 313.51 315.00 -1.49
*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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