AAA Credit Rating

First Utility is now one of only four water utilities in Tennessee to receive a “AAA” credit rating by S&P.

In 2018, First Utility District received an upgrade of our municipal bond credit rating to “AAA”, the highest rating reserved for issuers with “extremely strong credit worthiness”.  We are very honored to have received this bond rating as a recognition of our low rates coupled with strong operational and financial management.

We are proud of our management team, our Board of Commissioners, and employees at every level who have worked hard to make this happen.  It is our plan to be completely debt free by 2025.  This will be the key to allowing us to expand our infrastructure, continue to provide very competitive rates and offer additional customer enhancements.

News articles:

http://www.knoxvillechamber.com/first-utility-credit-rating-upgraded-aaa