06/18/2025 | Press release | Distributed by Public on 06/18/2025 15:36
The Water and Wastewater System of Orange County Utilities in Central Florida recently was awarded AAA ratings by S&P Global Ratings and Fitch Ratings for bonds issued in May 2025.
These prestigious designations were earned in relation to the System's Series 2025 Water and Wastewater Utility Revenue Bonds that were recently sold due to the System's exceptionally strong financial profile. Both firms also affirmed their AAA ratings on the water utility system's existing outstanding debt.
AAA is the highest possible rating from both S&P and Fitch. These ratings were issued after the county responded to a lengthy information request process from each firm and conducted a follow-up ratings call with each as well.
"We're pleased to have attained this AAA rating, once again, for Orange County Utilities," said Glenn Kramer, Manager of the Fiscal and Operational Support Division of Orange County Utilities. "Keeping our financial ratings strong remains a top priority for our team," he added.
Also involved in the rigorous and collaborative process were: 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.
Orange County Utilities serves to a population of: 855,000 water, 1.1 million wastewater, 400,000 reclaimed water and 675,000 residential solid waste customers.
Primary Photo: Malcolm Road Water Supply Facility
Secondary Photo: Eastern Regional Water Reclamation Facility