East County Advanced Water Purification Joint Powers Authority Receives ‘AA’ Fitch Credit Rating

May 21, 2024 – Santee, CA – The East County Advanced Water Purification Joint Powers Authority (JPA) recently received a ‘AA’, outlook stable rating from U.S. credit rating agency, Fitch Rating. This rating is important because it shows an agency’s ability to repay its debts.

Fitch assigned the ‘AA’ rating to $415 million of interim notes that will be issued to finance the design and construction of the East County Advanced Water Purification (AWP) Program. The East County AWP Program will create a local, clean, safe and drought-proof drinking water supply using state-of-the-art technology to purify East San Diego County’s recycled water. In 2020, Fitch Ratings assigned a ‘AA’ rating to a $395.8 million Water Infrastructure Finance and Innovation Act (WIFIA) loan. Fitch affirmed that rating in 2024 as well.