{"id":18977,"date":"2025-05-05T07:30:21","date_gmt":"2025-05-05T11:30:21","guid":{"rendered":"https:\/\/www.collierclerk.com\/?p=18977"},"modified":"2026-01-20T12:59:31","modified_gmt":"2026-01-20T17:59:31","slug":"fitch-affirms-collier-county-water-sewer-district-floridas-revenue-bonds-at-aaa-outlook-stable","status":"publish","type":"post","link":"https:\/\/app.collierclerk.com\/collierclerkcom\/fitch-affirms-collier-county-water-sewer-district-floridas-revenue-bonds-at-aaa-outlook-stable\/","title":{"rendered":"Fitch Affirms Collier County Water-Sewer District, Florida\u2019s Revenue Bonds at \u2018AAA\u2019, Outlook Stable"},"content":{"rendered":"<p>In a report dated April 23, 2025, Fitch affirmed the \u2018AAA\u2019 rating on the Series 2019 and 2021 Collier County Water-Sewer Revenue Bonds and assessed the Water and Sewer District\u2019s Standalone Credit Profile (SCP) at \u2018aaa\u2019.\u00a0 The SCP represents the credit profile of the Utility System on a standalone basis, irrespective of its relationship with and the credit quality of Collier County (Issuer Default Rating AAA\/Stable).\u00a0 The report stated the following:<\/p>\n<p>\u201cThe \u2018AAA\u2019 water sewer revenue bond rating and \u2018aaa\u2019 SCP reflects the district\u2019s \u2018Exceptionally Strong\u2019 financial profile, within the framework of \u2018Very Strong\u2019 revenue defensibility and \u2018Strong\u2019 operating risk profile, assessed at \u2018aa\u2019 and \u2018a\u2019, respectively.\u00a0 The district\u2019s leverage, measured as net adjusted debt to adjusted funds available for debt service (FADS), was exceptionally low at 0.7X in fiscal 2024 (FYE September 30), and could increase to 4.2x by fiscal 2029 in Fitch\u2019s Analytical Stress Test (FAST) rating case.\u00a0 The increase in leverage is largely due to an expanded capital improvement plan driven by increased development in the county\u2019s northeast region.\u201d\u00a0\u00a0<\/p>\n<p>Credit ratings are important indicators of the credit worthiness of Collier County Government and the bonds it issues.\u00a0 A \u2018AAA\u2019 issuer rating enables Collier County to sell bonds at lower, more favorable interest rates, saving taxpayers and ratepayers millions of dollars over the life of the bonds.\u00a0<\/p>\n<p>\u201cThe Clerk\u2019s Finance and Accounting Department, County Administration, Water and Sewer District staff, and the Office of Management and Budget work diligently to secure the best possible ratings for our county,\u201d said Clerk and Comptroller Crystal K. Kinzel. \u201cI want to recognize the great cooperation it takes to maintain these ratings for our utility ratepayers.\u201d<\/p>\n<p>For more information, contact Derek M. Johnssen, Director of Finance and Accounting at (239) 252-7863.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a report dated April 23, 2025, Fitch affirmed the \u2018AAA\u2019 rating on the Series 2019 and 2021 Collier County &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Fitch Affirms Collier County Water-Sewer District, Florida\u2019s Revenue Bonds at \u2018AAA\u2019, Outlook Stable\" class=\"read-more button\" href=\"https:\/\/app.collierclerk.com\/collierclerkcom\/fitch-affirms-collier-county-water-sewer-district-floridas-revenue-bonds-at-aaa-outlook-stable\/#more-18977\" aria-label=\"Read more about Fitch Affirms Collier County Water-Sewer District, Florida\u2019s Revenue Bonds at \u2018AAA\u2019, Outlook Stable\">Read more<\/a><\/p>\n","protected":false},"author":19,"featured_media":18978,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-announcements","infinite-scroll-item","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-25","resize-featured-image"],"_links":{"self":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/18977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/comments?post=18977"}],"version-history":[{"count":1,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/18977\/revisions"}],"predecessor-version":[{"id":18979,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/posts\/18977\/revisions\/18979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/media\/18978"}],"wp:attachment":[{"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/media?parent=18977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/categories?post=18977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/app.collierclerk.com\/collierclerkcom\/wp-json\/wp\/v2\/tags?post=18977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}