Debt Management

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.

Bond Ratings

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

(Build America Bonds)