GWA bonds affirmed: 'BB' with Stable Outlook

by Mindy Aguon

Guam - Fitch Ratings has affirmed the Guam Waterworks Authority's $212 million in outstanding water and waste water revenue bonds at 'BB' with a Stable Outlook. The ratings company notes GWA's ratemaking bodies such as leadership at the Consolidated Commission on Utilities and the Public Utilities Commission in making the tough decisions as improving GWA's operating performance.

Concerns over the agency's financials were also relieved somewhat because of the proposed military buildup.