Metropolitan St. Louis Sewer District

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 (pending voter approval) 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
  Moodys Ratings Standard & Poors Ratings Fitch Ratings
Wastewater System Revenue Bonds 2011B (Click on rating to view report) Aa1 AAA AA+

 

Notice of Bond Sale: Wastewater System Revenue Bonds Series 2011B: December 8, 2011
Taxable Wastewater System Revenue bonds (Build America Bonds--Direct Pay)
 
Official Statement Series 2010B 85MM
Non-Taxable Wastewater System Revenue Bonds
 
Official Statement Series 2008A 30MM
Official Statement Series 2006C 60MM
Official Statement Series 2004A 175MM
This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Series 2011B Bonds, nor shall there be any sale of the Series 2011B Bonds by any person in any jurisdiction in which it is Unlawful for such person to make such offer, solicitation or sale. The offering is made only by the Official Statement.