Oxnard Bond ratings released

By George Miller

The Oxnard City Manager’s office sent the latest wastewater and water bond ratings to us.

S&P

S&PSewer

 

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Wastewater

Water

 

Bond ratings are closely watched by lenders. While there was a slight reduction in creditworthiness, it won’t have a large impact on ratepayers, rates or the city’s ability to borrow for large upcoming needs. However, city officials, rating agencies and a financial consultant to the city predicted dire financial consequences if utility rates are not raised significantly next year, See more in an upcoming story.

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George Miller is Publisher of CitizensJournal.us, “retired,” residing in Oxnard

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