Olivenhain Water District Gets Rating Upgrade

The Olivenhain Municipal Water District (OMWD) has seen the credit rating for its revenue bonds upgraded from AA+ to AAA with a stable outlook. Fitch Ratings, a global rating agency that offers independent credit opinions, cited historically high liquidity, manageable borrowing plans, conservative financial forecasting and equitable and disciplined rate-setting in making its upgrades. AAA is the highest possible rating assigned by Fitch and OMWD is one of only a handful of Southern California water agencies that have achieved this pinnacle of financial excellence.