Bond Ratings

Current Bond Ratings

Moody's Investors' Service Aa3
Standard & Poor's Corporation AA
Fitch Ratings AA-
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History of DC WASA's Bond Ratings

Moody's Investment Service
April 2008 Aa3
April 2007 Aa3
June 2003 Aa3
April 2000 A1
April 1998 A2
Standard & Poor's Corporation
April 2008 AA
May 2007 AA-
June 2003 AA-
May 2000 A
April 1998 A-
Fitch Ratings
April 2008 AA-
April 2007 AA-
June 2003 AA-
June 2000 A+
July 1999 A
April 1998 A-
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Historical Bond Issuance

Since its creation in 1996, the Authority has issued five series of senior and/or subordinate lien debt and implemented a $100 million commercial paper program, illustrated in the table below:

Description Balance
9/30/2008
Notes payable to the federal government for Jennings Randolph Reservoir (Bloomington Dam); interest at 3.45%, maturing in 2041 15,532
Notes payable to WSSC for Little Seneca Lake; interest ranges from 5.98% to 6.60% maturing in 2014 216
District of Columbia general obligation bonds
1993; interest at 5.40% to 6.0% maturing in 2012 7,110
1994; interest at 5.05% to 6.50% maturing in 2011 2,795
Public utility senior lien revenue bonds
1998; interest ranges from 5.50% to 6.00%, maturing in 2028 257,645
2009A; interest ranges from 3.00% to 6.00%, maturing in 2039 300,000
Public utility subordinated lien revenue bonds
2003; interest ranges from 5.0% to 5.25%, maturing in 2033 176,220
2007A; interest ranges from 4.75% to 5.50% maturing in 2041 218,715
2008A; interest ranges from 4.0% to 5.0%, maturing in 2034 290,375
Total Bonds and Notes 1,268,608

As of February 2009, the Authority had $558 million of senior lien debt outstanding and $711 million of subordinate lien debt outstanding. As of February 2009, DC WASA has $29.2 million in taxable commercial paper outstanding.

In addition to outstanding revenue bonds, the current Authority debt outstanding includes notes payable to the Federal government for the Washington Aqueduct and Jennings Randolph Reservoir, notes payable to the Washington Suburban Sanitary Commission for the Little Seneca Lake Reservoir; and District of Columbia General Obligation bonds.

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