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Learn about OWDA Fresh Water Bonds, including Featured News, Key Projects, and The Team.
The Ohio Water Development Authority's mission is to provide financial assistance for environmental infrastructure from the lending for such purposes to local governments in Ohio, and sale of revenue bonds secured by such loans. The authority consists of eight members, including: five members appointed by the governor each who serve an eight year term, the director of natural resources, the director of environmental projection and the director of development.
About Fresh Water
Fresh Water Program began lending to Local Governments in 1992. Fresh Water has made loans to 343 local governments with 1046 total projects financed. Total principal financed of $2,046,534,234 of which $1,538,523,584 remains outstanding.
Moody's Investors Service has assigned a Aaa rating to the proposed approximately $167.6 million of Ohio Water Development Authority (OWDA), Water Development Revenue Bonds,
Fresh Water Series 2018 (the "Bonds"). Moody's also maintains a Aaa rating on all outstanding parity bonds. The outlook on the rating is stable.