S&P Global Retains A+/Stable Rating for California Water Service
California Water Service Group (NYSE: CWT) announced that S&P Global has maintained an A+/Stable credit rating for its largest subsidiary, California Water Service (Cal Water). The rating reflects Cal Water's excellent business risk profile and intermediate financial risk profile.
CEO Martin A. Kropelnicki highlighted that this rating validates the company's strong balance sheet, fiscal discipline, and credit metrics, which enable continued infrastructure investments benefiting both stockholders and customers.
California Water Service Group (NYSE: CWT) ha annunciato che S&P Global ha confermato il rating creditizio A+/Stabile per la sua principale controllata, California Water Service (Cal Water). Il rating riflette il profilo di rischio aziendale eccellente e il profilo di rischio finanziario intermedio di Cal Water.
Il CEO Martin A. Kropelnicki ha sottolineato che questo rating conferma la solidit脿 del bilancio dell'azienda, la disciplina fiscale e i parametri creditizi, che consentono continui investimenti nelle infrastrutture a beneficio sia degli azionisti sia dei clienti.
California Water Service Group (NYSE: CWT) anunci贸 que S&P Global ha mantenido una calificaci贸n crediticia A+/Estable para su subsidiaria m谩s grande, California Water Service (Cal Water). La calificaci贸n refleja el excelente perfil de riesgo comercial y el perfil de riesgo financiero intermedio de Cal Water.
El CEO Martin A. Kropelnicki destac贸 que esta calificaci贸n valida la s贸lida hoja de balance de la compa帽铆a, la disciplina fiscal y las m茅tricas crediticias, que permiten continuar con inversiones en infraestructura que benefician tanto a los accionistas como a los clientes.
California Water Service Group (NYSE: CWT)電� S&P Global鞚� 斓滊寑 鞛愴殞靷澑 California Water Service (Cal Water)鞐� 雽�頃� A+/鞎堨爼鞝� 鞁犾毄 霌标笁鞚� 鞙犾頄堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚� 霌标笁鞚� Cal Water鞚� 鞖办垬頃� 靷梾 鞙勴棙 頂勲頃�瓿� 欷戧皠 靾橃鞚� 鞛 鞙勴棙 頂勲頃�鞚� 氚橃榿頃╇媹雼�.
CEO Martin A. Kropelnicki電� 鞚� 霌标笁鞚� 須岇偓鞚� 瓴碃頃� 鞛 靸來儨, 鞛爼 攴滌湪 氚� 鞁犾毄 歆�響滊ゼ 鞛呾頃橂┌, 鞚措姅 欤检＜鞕� 瓿犼皾 氇憪鞐愱矊 順滍儩鞚� 欤茧姅 歆�靻嶌爜鞚� 鞚疙攧霛� 韴瀽毳� 臧�電ロ晿瓴� 頃滊嫟瓿� 臧曥“頄堨姷雼堧嫟.
California Water Service Group (NYSE : CWT) a annonc茅 que S&P Global a maintenu une note de cr茅dit A+/Stable pour sa plus grande filiale, California Water Service (Cal Water). Cette note refl猫te le profil de risque commercial excellent et le profil de risque financier interm茅diaire de Cal Water.
Le PDG Martin A. Kropelnicki a soulign茅 que cette note valide la solidit茅 du bilan de l'entreprise, la discipline fiscale et les indicateurs de cr茅dit, qui permettent de poursuivre les investissements dans les infrastructures au b茅n茅fice des actionnaires comme des clients.
California Water Service Group (NYSE: CWT) gab bekannt, dass S&P Global das A+/Stabil Kreditrating f眉r seine gr枚脽te Tochtergesellschaft, California Water Service (Cal Water), beibehalten hat. Das Rating spiegelt das ausgezeichnete Gesch盲ftsrisikoprofil und das mittlere finanzielle Risikoprofil von Cal Water wider.
CEO Martin A. Kropelnicki betonte, dass dieses Rating die starke Bilanz, die finanzielle Disziplin und die Kreditkennzahlen des Unternehmens best盲tigt, die fortlaufende Infrastrukturinvestitionen erm枚glichen, die sowohl Aktion盲ren als auch Kunden zugutekommen.
- Maintained A+/Stable credit rating from S&P Global
- Excellent business risk rating from S&P Global
- Strong balance sheet and credit metrics
- None.
SAN JOSE, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (鈥淕roup鈥� or 鈥淐ompany,鈥� NYSE: CWT) today announced that S&P Global has retained an A+/Stable credit rating for California Water Service (Cal Water), Group鈥檚 largest subsidiary, indicating a business risk rating of 鈥渆xcellent鈥� and a financial risk rating of 鈥渋ntermediate.鈥�
鈥淲e are pleased to receive this continued outstanding rating from S&P Global and are committed to providing consistent, predictable results,鈥� said Chairman & CEO Martin A. Kropelnicki. 鈥淚t鈥檚 strong validation of Cal Water鈥檚 continued strong balance sheet, fiscal discipline and credit metrics, which support our ability to invest responsibly in our infrastructure to the benefit of both stockholders and customers.鈥�
About California Water Service Group
California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas. California Water Service Group鈥檚 common stock trades on the New York Stock Exchange under the symbol 鈥淐WT.鈥� Additional information is available online at www.calwatergroup.com.
This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (鈥淧SLRA鈥�). The forward-looking statements are intended to qualify under provisions of the federal securities laws for 鈥渟afe harbor鈥� treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management鈥檚 beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing Cal Water鈥檚 expected financial position and investments in infrastructure projects. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to those described under the section entitled 鈥淩isk Factors鈥� and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
James P. Lynch (408) 367-8200 (analysts)
Shannon Dean (408) 367-8243 (media)
FAQ
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