Fitch Ratings Affirms City of Santa Fe Water Utility, Wastewater System Revenue Bonds at AA+; Outlook Stable

SANTA FE, January 3 – Fitch Ratings, an independent rating agency, has affirmed the City of Santa Fe’s Water Utility and Wastewater System revenue bond ratings at ‘AA+’. Fitch said these ratings reflect the systems’ exceptionally low leverage in the context of very strong revenue defensibility. Strong revenue defensibility is supported by the systems’ fundamental roles as the sole water and sewer service providers to a service area with generally favorable demographic trends.