MASSACHUSETTS CLEAN WATER TRUST ANNOUNCES AAA RATING

MASSACHUSETTS CLEAN WATER TRUST ANNOUNCES AAA RATING

Moody’s, Fitch and Standard & Poor’s Reaffirm Trust’s “AAA” Strength

The Massachusetts Clean Water Trust (Trust) today announced that the Series 18 “Green Bonds” to be issued next week have been assigned an “AAA” rating by Moody’s, Fitch and Standard & Poor’s.  These bonds are being issued to fund $231 million of water infrastructure projects throughout Massachusetts.  

  

“The confirmation of our AAA rating for our upcoming bond sale is testament to the financial professionalism demonstrated at every level of government here in the Commonwealth,” said Sue Perez, Executive Director of the Trust. “We received this rating because our department, the Commonwealth and our borrowers, local cities and towns, each demonstrate strong financial management that supports the repayment of these bonds.”

During the week of December 8, the Trust is expected to sell $231,095,000 in “Green Bonds.”  On December 9^th, individual retail investors from Massachusetts will have the first opportunity to purchase these bonds that benefit Massachusetts communities. For further information on the “Green Bonds,” please visit www.buyMAcleanwatertrustbonds.com.

  

The Clean Water Trust provides subsidized loans to cities and towns for clean water and drinking water infrastructure development.  Since its establishment in 1989, the Clean Water Trust has loaned over $6 billion to improve and maintain the quality of water in the Commonwealth.  An estimated 97 percent of Massachusetts’ citizens have benefited from the Clean Water Trust’s financial assistance.

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