June 1, 2025-OMWD Maintains AAA Bond Rating and receives Highest Achievement for Financial Reporting for 30th Consecutive Year

Fitch Ratings has once again reviewed Olivenhain Municipal Water District’s finances and confirmed our AAA bond rating, which is the highest rating they award. We’ve held this top rating since 2016, and it reflects the strong financial decisions made by our Board and staff to keep rates responsible and invest wisely in our infrastructure. The AAA rating means OMWD can fund important improvement projects at lower interest rates, saving money over time and helping reduce pressure to raise water rates.

OMWD also earned the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association. This award recognizes our Annual Comprehensive Financial Report for the fiscal year ending June 30, 2024, and highlights our commitment to transparency and going above and beyond basic reporting requirements.

Two big wins that reflect our dedication to serving you with integrity, accountability, and long‑term planning.

Posted on 01 Jun 2025, 15:09 - Category: News