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GLWA SEWER SYSTEM BONDS RECEIVE UPGRADE TO AA / UTILITY EXECUTES SUCCESSFUL BOND TRANSACTION TO SECURE FUNDING FOR REGIONAL WATER AND WASTEWATER SYSTEM IMPROVEMENTS AND GARNERS MONEY-SAVING REFUNDING

GLWA received an upgrade from Fitch Ratings on its Sewer System to AA for the senior lien and AA- for the second lien, with affirmation of strong ratings from each of the other rating agencies.  The bond transaction provides $280 million in new funding for regional water and wastewater system capital improvements and the refunding generates $77 million of cash flow savings ($61 million of present value savings).