Bond Ratings/Issuance
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Bond Ratings/Issuance

Current Bond Ratings

Moody's Investors' Service Aa3
Standard & Poor's Corporation AA
Fitch Ratings AA-

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History of DCWASA's Bond Ratings

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

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Historical Bond Issuance

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


Description Balance
6/30/2007
Notes payable to the federal government for Jennings Randolph Reservoir (Bloomington Dam); interest zt 3.45%, maturing in 2041 16,376
Notes payable to WSSC for Little Seneca Lake; interest ranges from 5.98% to 6.60% maturing in 2014 317
District of Columbia general obligation bonds:
  1991; interest at 6.75% maturing in 2008 255
  1993; interest at 5.40% to 6.0% maturing in 2012 27,725
  1994; interest at 5.05% to 6.50%% maturing in 2011 5,020
  2001; interest at 6.02% maturing in 2008 2,385
1998 public utility revenue bonds; interest ranges from 5.50% to 6.00%, maturing in 2028 266,120
2003 public utility revenue bonds; interest ranges from 5.0% to 5.25%, maturing in 2033 176,220
2004 public utility subordinated lien revenue bonds; (auction rate securities) interest varies each auction date, maturing in 2034 295,000
2007A public utility subordinated lien revenue bonds; interest ranges from 4.75% - 5.50% maturing in 2041 218,715
2007B public utility subordinated lien revenue bonds; (auction rate securities) interest varies each auction date, maturing in 2028 59,000
Total Bonds and Notes 1,067,133

As of June 30, 2007, the Authority had $266 million of senior lien debt outstanding and $801 million of subordinate lien debt outstanding. No commercial paper is outstanding as of June 2007.

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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