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On behalf of the Ohio Water Development Authority (OWDA), I would like to welcome you to our new investor relations website. We appreciate your interest and investment in bonds issued by the OWDA, as it allows us to make critical investments in environmental infrastructure. The OWDA administers numerous bond funded programs, most of which are stand-alone programs and not cross-collateralized with each other. We are committed to maintaining our strong bond ratings, and we are also committed to being as transparent as possible with the investor community and public at large.
I hope you find this website useful as you seek to better understand the credit fundamentals of the OWDA. Please do not hesitate to contact our office with suggestions for how we can do better. Thanks again for your interest in our bond program.
Ken J. Heigel, P.E., Executive Director
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.