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Fitch Ratings Upgrades Gilbert, Arizona's Water Resource MPC Bonds to AAA

Post Date:05/30/2018 5:47 PM

Gilbert, Ariz.- Gilbert, Arizona is pleased to announce that Fitch Ratings has upgraded our 2016 Gilbert Water Resource Municipal Property Corporation, Arizona bonds from AA+ to AAA. Fitch says the upgrade “reflects the systems rapidly declining debt burden” and that the town’s ability to continue to “manage the area’s rapid growth will be the key to maintaining the high AAA rating.”
 
“We are thrilled to receive a recognition like this from Fitch and it would not be possible without responsible long-term planning and we will continue to do the same as we approach build-out,” says Patrick Banger, Gilbert Town Manager.