Mesa Water’s Outstanding Financial Performance Reaffirmed by Fitch Ratings

Mesa Water’s AAA credit rating – the highest achievable by an organization – has been reaffirmed by Fitch Ratings Inc., one of the top credit rating agencies in the nation.

The prestigious AAA rating allowed Mesa Water to borrow funds at 2%, the lowest possible interest rate for critical infrastructure improvements such as the current construction of two new wells, or replacement of water valves to ensure water reliability. Being able to borrow at lower rates reduces financing costs and helps protect customers from rate volatility.

The AAA standing highlights the Mesa Water Board of Directors and staff’s proactive, financial management practices, including the use of long-term financial and capital planning.