In a fiscal display that underscores the robust health of essential services, Orange County Utilities has garnered AAA ratings from both S&P Global Ratings and Fitch Ratings for its Series 2025 Water and Wastewater Utility Revenue Bonds. This top-tier rating is a testament to the utility's financial solidity. This achievement enables the department to continue guaranteeing the infrastructure vital to over a million residents in Central Florida.
The recent sale of bonds is part of a strategy to maintain high standards of service and fiscal responsibility. It's rare for public utilities to achieve, let alone maintain, such strong ratings. As Glenn Kramer, Manager of the Fiscal and Operational Support Division of Orange County Utilities, has put it, "We're pleased to have attained this AAA rating, once again, for Orange County Utilities." Kramer's statement emphatically echoes the pride in his team’s ability to continually meet the demands of financial excellence, according to the Orange County news release.
The sustained AAA ratings signal not just the fiscal prudence of the utility but also the collective effort of multiple county departments and advisors. It includes participation from the Orange County Fiscal & Business Services Division, the Orange County Comptroller's Office, the Orange County Attorney's Office, financial advisory firm PFM Financial Advisors, LLC, bond counsel Nabors, Giblin & Nickerson, and disclosure counsel Greenberg Traurig. This level of cooperation, which enables seamless reach and maintenance of such high standards, is noteworthy.
