Oxnard Bond ratings released
By George Miller
The Oxnard City Manager’s office sent the latest wastewater and water bond ratings to us.
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Bond ratings are closely watched by lenders. While there was a slight reduction in creditworthiness, it won’t have a large impact on ratepayers, rates or the city’s ability to borrow for large upcoming needs. However, city officials, rating agencies and a financial consultant to the city predicted dire financial consequences if utility rates are not raised significantly next year, See more in an upcoming story.
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George Miller is Publisher of CitizensJournal.us, “retired,” residing in Oxnard
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