Portland Water District bond rating remains high, Aa3 for water bonds, Aa1 for wastewater bonds

Last month, Moody’s Investment Services confirmed Portland Water District’s (PWD) credit rating of Aa3 water bonds, Aa1 wastewater bonds, citing a well-managed district with sound debt service coverage, manageable debt profile, and very strong liquidity. PWD benefits as the exclusive franchise providing an essential service to the greater Portland (Aa1 stable) area, with its diverse customer base and average wealth levels.