Delta Tunnels: Fitch Ratings Downgrades Westlands’ Next Bond Sale

It looks like the politically powerful Westlands Water District, one of the main backers of Governor Jerry Brown’s Delta Tunnels and Congressional legislation to eviscerate protections for Sacramento River Chinook salmon and Delta smelt, is in more financial trouble. Fitch Ratings downgraded the scheduled October 26 bond sale by Westlands from ‘AA-‘ to ‘A+’. Among the issues facing Westlands Water District, Fitch cites shrinking irrigated acreage, previous financial obligations, and the potential for increased “leveraging” to pay for the Delta Tunnels,” according to Restore the Delta (RTD).