Chesterfield Business News Archive

Chesterfield Utilities Earns Highest Bond Rating

Chesterfield County has earned an AAA bond rating on its Utility Department bonds from the three top rating services, Standard & Poor’s, Fitch Ratings and Moody’s Investors Service.

The Utility Department is one of only two water and sewer utilities in the nation to have the highest ratings from all three rating services.

Moody’s report cited that well-managed financial operations have produced a strong financial position, with low, rapidly retired debt levels and ample system capacity for future growth.

Date Posted: 6/26/2002

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