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Stockton Wastewater System Bond Improved Rating Department: City Manager

For the second time in a month, top bond rating agencies have assigned significantly improved credit ratings to Stockton Public Financing Authority Wastewater System Revenue Refunding Bonds. Fitch and Standard Poors (SP) have assigned a credit rating of ‘A-‘ with an outlook of “Stable,” up from a prior rating by SP on the original 1998 and 2003 series bonds of BBB.

“We are very pleased with the new ratings and the recognition by the ratings agencies that Stockton has remained steadfast in maintaining its solid footing with respect to its enterprise services,” said City Manager Kurt Wilson. “Investors and rating agencies have recognized that these services are supported by restricted funds and that the City has managed its finances responsibly.”

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