S&P Global Ratings assigned its 'AAA' long-term rating to East Bay Municipal Utility District , Calif.'s anticipated $27 million series 2025A and $174 million series 2025B wastewater system revenue bonds. At the same time, we affirmed our 'AAA' long-term rating on the district's outstanding wastewater system revenue bonds. The outlook is stable. SAN FRANCISCO (S&P Global Ratings) April 22, 2025--S&P Global Ratings today took the rating actions listed above. In our view, the district has reasonably incorporated key environmental vulnerabilities into its risk and asset management planning, including those related to drought and extreme weather. However, we view the regulatory environment as very challenging and likely to become more restrictive over time. We understand that the district's main wastewater treatment
