NORFOLK – HRSD recently received a P-1 rating by Moody’s Ratings (Moody’s) for its $350 million Extendable Commercial Paper (ECP) program. A P-1 rating is Moody’s highest short-term credit rating indicating HRSD’s superior ability to repay short-term obligations. Moody’s also reaffirmed their Aa1 rating on HRSD’S approximately $1.9 billion in debt outstanding.

S & P Global Ratings also assigned its highest short-term rating of A-1+ to HRSD’s ECP program and reaffirmed their existing AA+ rating.

These ratings reflect HRSD’s role as a regional wastewater treatment provider in Southeastern Virginia, its strong management practices, and solid financial results.

About HRSD: HRSD is a political subdivision of the Commonwealth of Virginia created by public referendum in 1940 and currently serves 20 cities and counties in southeast Virginia and the Eastern Shore, an area with a population of 1.9 million.

HRSD Vision: Our communities will have clean waterways and reliable water resources for generations to come.