Press Release|Public Finance

KBRA Releases Rating Report for City of Joliet (IL) Waterworks and Sewerage System's Senior Lien WIFIA Loan Phase III Project (Alternative Water Supply Program)

2 Jun 2025   |   New York

Contacts

On May 28, 2025, KBRA assigned a long-term rating of A to the City of Joliet, IL Waterworks and Sewerage System's (the "System") Senior Lien WIFIA Loan Phase III (19155IL) to fund capital projects related to the System's Alternative Water Supply Program (AWSP). KBRA also affirmed the long-term rating of A for the System's existing two WIFIA loans for the AWSP. The Rating Outlook is Stable.

To access ratings and relevant documents, click here.

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About KBRA

KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized as a Qualified Rating Agency in Taiwan, and is also a Designated Rating Organization for structured finance ratings in Canada. As a full-service credit rating agency, investors can use KBRA ratings for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1009719

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