SAN FRANCISCO (S&P Global Ratings) May 6, 2022--S&P Global Ratings assigned its 'AAA' long-term rating to East Bay Municipal Utility District (EBMUD), Calif.'s anticipated $152 million series 2022A water system revenue bonds (green bonds) and its anticipated $70 million series 2022B-1 and $109.1 million series 2022B-2 water system revenue refunding bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the district's existing water system revenue bonds, its 'AAA' long-term component of the dual ratings on the district's variable-rate bonds, and its 'A-1+' short-term rating on the district's commercial paper (CP) notes (water series). The outlook, where applicable, is stable. "The rating reflects our view of EBMUD's financial forecast, which indicates that
