Debt Management

Debt Management

Because the Metropolitan St. Louis Sewer District is committed to disciplined fiscal management, we adhere to long-standing Debt Policies when we borrow money to finance major construction projects. Between 2017 and 2024, we expect to sell $1.4 billion in bonds to help fund wastewater infrastructure investments. That is in addition to the $1.72 billion in bonds we have sold to fund capital wastewater projects since FY2004.

Institutional Investors may visit our external investor relations page, BONDLINK, to view more details and analysis pertaining to our bonds issued in the capital market.

Bond Ratings

Standard & Poor’s, Moodys, and Fitch are the three major national firms that rate both corporate stocks and municipal bonds according to the risks they present to investors.

MSD has received ratings from all three agencies, reaffirming their confidence in MSD’s financial management and economic outlook. High bond ratings mean MSD is able to sell Revenue Bonds to finance voter-approved capital projects at lower interest rates.

Summary of Current Ratings

Wastewater System Revenue Bonds 2022B (Click on rating to view report)

Moody’s Ratings S&P Global Ratings Fitch Ratings
Aa1 Stable AAA Stable NR

Outstanding Wastewater System Revenue Bonds

Moody’s Ratings S&P Global Ratings Fitch Ratings
Aa1 AAA Stable AA+ Stable