THE ALBUQUERQUE WATER AUTHORITY'S FINANCES ARE LOOKING BETTER. AN AGENCY THAT RATES BONDS SAYS A NUMBER OF WATER RATE INCREASES, COMPLETING CAPITAL IMPROVEMENT PROJECTS, AND IMPROVING INFRASTRUCTURE HAVE HELPED THE CITY-COUNTY WATER UTILITY AUTHORITY TO IMPROVE ITS FINANCIAL POSITION.
FITCH RATINGS SAYS THEY CAN NOW UPGRADE THE BOND RATING OF THE AUTHORITY TO A DOUBLE-A, AN AVERAGE RATING FOR A WATER UTILITY. THE BOND RATING AGENCY SAYS NEW SOFTWARE IS HELPING THE WATER AUTHORITY GET ITS FINANCIAL STATEMENTS OUT MORE QUICKLY, ELIMINATING THE LATE REPORTS THAT CAUSED PROBLEMS IN THE PAST.
