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Bond Rating Upgrade!

On June 15, 2016, Moody’s Investors Service upgraded the revenue bond rating of Hardin County Water District No. 2 from Aa3 to Aa2. This bond rating was provided in conjunction with the District refinancing $5.0 million in existing debt and affects the $16.0 million in outstanding parity debt. The bond rating is a reflection of several factors including the District’s strong debt service coverage, strong capital planning and financial management. 

Hardin County Water District No. 2 is now in a class by itself with regard to the Aa2 bond rating. No other water producing district in the State of Kentucky shares or exceeds this rating.

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