Little Rock Water Reclamation Authority, AR -- Moody's assigns Aa3 to Little Rock Water Reclamation Authority, AR's Revenue Bonds, Series 2020B; outlook stable

Moody's Investors Service has assigned the Little Rock Water Reclamation Authority an Aa3 rating, AR's $ 23.1 million Water Reclamation Revenue Bonds Refund System, Taxable Series 2020B. The Aa3 rating reflects the system's large service area and stable customer base, adequate coverage rates for debt services and satisfactory legal requirements. The stable outlook reflects the adequate coverage ratios and liquidity of debt servicing, as well as the assumed rate hikes that will be introduced by 2021.

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