Central New York’s Water Authority, known as OCWA, has received an upgraded financial rating.
Moody’s Investors Service has raised OCWA’s outstanding and future revenue bonds to Aa1 from Aa2 — the second-highest rating out of 21 categories.
Moody’s cited OCWA’s strong financial management, experienced leadership team, and ample water supply as key reasons for the upgrade.
OCWA says the improved rating will allow it to invest in more infrastructure projects while keeping water rates affordable.
