San Antonio Water System recently received renewed confirmation of its excellent credit ratings from Moody’s Ratings, S&P Global Ratings, and Fitch Ratings.
These ratings represent the highest in the history of SAWS and provide significant advantages to customers through reduced interest rates on borrowings for essential capital improvement projects, including the replacement of aging water transmission and distribution infrastructure.
These superior credit ratings have played a key role in helping SAWS keep rates stable without needing increases. The rating agencies cited several reasons for this positive outlook, including SAWS’ large and diverse customer base in San Antonio and Bexar County, solid financial performance, strong management practices, and thoughtful long-term planning for water supply and infrastructure. They also noted that SAWS’ water and sewer rates remain competitive—often equal to or lower than those in other major Texas cities like Dallas, Houston, and Austin.
“These bond ratings reflect a positive outcome of sustained effort by all SAWS employees,” said Phyllis Garcia, SAWS Senior Director and Treasurer. “Ultimately, they benefit our customers through lower interest rates, facilitating timely capital improvements necessary for maintaining our water and wastewater systems.”