AAA Credit Rating Reaffirmed by Standard & Poor’s

Mesa Water’s AAA credit rating was recently reaffirmed by Standard & Poor’s — the highest rating achievable by an organization. This sustained AAA rating allowed Mesa Water to borrow funds at 2%, the lowest possible interest rate for recent critical infrastructure improvements such as the construction of two new wells and replacement of mainline water valves to ensure water reliability. Being able to borrow at lower rates reduces financing costs and helps protect customers from rate volatility. For over a decade, Mesa Water has been one of Orange County’s most efficient water agencies based on the lowest expenditures per capita.