S&P Global Ratings assigned its ?AA+? long term rating to Beaver Water District of Benton and Washington Counties (BWD), Ark.?s $100 million series 2025 water revenue bonds. The outlook is stable. NEW YORK (S&P Global Ratings) Aug. 12, 2025--S&P Global Ratings today took the rating actions listed above. The district's environmental, social, and governance factors are neutral in our credit analysis. The system has no regulatory mandated capital projects or regulatory violations outstanding. We view BWD as possessing a seasoned and knowledgeable management team, additionally supported by comprehensive policies and practices, including long-term capital and financial planning, credit-supportive and transparent ratesetting practices, and comprehensive cyber-security policies. Social capital concerns remain neutral in our analysis. In addition, the currently extremely affordable
