Encinitas, Calif. — At Olivenhain Municipal Water District’s June 17 board meeting, OMWD staff notified its Board of Directors that Fitch Ratings, a global rating agency that offers independent credit opinions, has reaffirmed the district’s “AAA” bond rating with a stable outlook. 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 rating.
Receives Award from the Government Finance Officers Association for Twenty-Fourth Consecutive Year
Encinitas, Calif.— Olivenhain Municipal Water District’s Board of Directors accepted at its October 16 meeting the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada. This is the twenty-fourth consecutive year OMWD has received the award, which recognizes OMWD’s Comprehensive Annual Financial Report for the fiscal year ending June 30, 2018.