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Posted on: February 17, 2022

Feb. 17, 22: Parker Water & Sanitation District Maintains AA+ Rating

Parker Water & Sanitation District Maintains AA+ Rating Parker, Colo.- Parker Water & Sanitation District (PWSD) has continued to maintain an AA+ Rating, following its latest report from the credit reporting agency Standard and Poors. 

Said PWSD Chief Financial Officer Steve Hellman, “Not many utilities, with the amount of growth and new infrastructure needs we have facing us over the next 10 years, receive such a high rating. It is a testament to the dedication of our employees, the leadership of the organization, the daily operations of both systems, the ability to plan and complete large complex capital projects, as well as the overall financial stability of the organization, that we are able to deliver such a strong rating.” 

As PWSD prepares for a new bond sale to raise funds for upcoming infrastructure needs, the strong rating provides confidence to the individuals and institutions who buy PWSD bonds that they are making a sound financial decision and investing in a stable organization.