Because the Metropolitan St. Louis Sewer District is committed to disciplined fiscal management, we adhere to long-standing debt policies when we borrow money to finance major construction projects. Between 2013 and 2016, we expect to sell $945 million in bonds to help fund wastewater infrastructure investments. That is in addition to the $735 million in bonds we have sold to fund capital wastewater projects since FY2004.
Standard & Poor's, Moodys, and Fitch are the three major national firms that rate both corporate stocks and municipal bonds according to the risks they present to investors.
MSD has received ratings from all three agencies, reaffirming their confidence in MSD's financial management and economic outlook. High bond ratings mean MSD is able to sell Revenue Bonds to finance voter-approved capital projects at lower interest rates. The ratings will save our customers about $5 million in interest over the life of the bonds.
Summary of Current Ratings
|Official Statement Series 2010B 85MM|
(Build America Bonds)
|Official Statement Series 2012B Refunding $142MM|
|Official Statement Series 2012A $225MM|
|Official Statement Series 2011B 52MM|
|Official Statement Series 2008A 30MM|
|Official Statement Series 2006C 60MM|
|Official Statement Series 2004A 175MM|