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 2020, we expect to sell $900 million 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.
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.