Mar 12, 2025

Greenville Water Celebrates 26 Years of AAA Ratings from Fitch, 23 Years from Standard & Poor’s, and 15 Years from Moody’s Investors Service

GREENVILLE, S.C. – Greenville Water is proud to announce its continued recognition as a top-tier utility, having maintained a coveted AAA rating from Fitch Ratings for an impressive 26 consecutive years, from Standard & Poor’s for 23 consecutive years, and an AAA rating from Moody’s Investors Service for 15 consecutive years. This milestone underscores Greenville Water’s unwavering commitment to financial excellence, operational stability, and exceptional service to its consumers.

The AAA ratings from Fitch Ratings and Standard & Poor’s, along with the AAA rating from Moody’s - the highest possible credit ratings from these agencies - reflect Greenville Water’s robust financial management, growing consumer base, and prudent planning. Fitch Ratings has highlighted the utility’s strong operating profile and long-term stability; Standard & Poor’s has commended Greenville Water’s consistent fiscal discipline and strategic investments; and Moody’s has praised its healthy revenue performance and sustainable fiscal strategies. These accolades affirm Greenville Water’s position as a national leader in the water utility industry and a trusted steward of public resources.

Guiding Greenville Water through this latest achievement is CEO Jeff Boss, who took the helm in 2023, bringing a wealth of experience in utility management and a vision for sustainable growth. Under his leadership, and with the strategic oversight of the five-member Commission of Public Works, Greenville Water continues to thrive on all fronts. The Commission, a cornerstone of the utility’s governance for over a century, ensures that Greenville Water remains a financially sound, consumer-focused organization prepared for the future.

“We are incredibly honored to receive this recognition from Fitch Ratings, Standard & Poor’s, and Moody’s,” said Jeff Boss, CEO of Greenville Water. “Maintaining a AAA rating for 26 years from Fitch, 23 years from S&P, and an AAA rating for 15 years from Moody’s is a testament to the dedication of our team, the trust of our consumers, and our disciplined approach to delivering steadfast, high-quality water services at some of the most affordable rates in the Southeast.”

Greenville Water Commissioner, Deb Sofield, reflecting on the milestone, stated, “Strong financial management is the backbone of any successful public utility, and Greenville Water’s sustained excellence is proof that we are making the right decisions for the future. This achievement speaks to the dedication of our leadership and staff in ensuring the continued reliability and affordability of our water services.”

Greenville Water Commission Chairman, Phillip Kilgore, further emphasized the importance of strategic oversight, stating, “This recognition underscores the effectiveness of Greenville Water's strategic governance and reflects the careful stewardship of our community’s most valuable resource. As we look forward, the Commission will continue to make prudent decisions supporting affordability, dependability, and public confidence. Commissioner John DeWorken agreed: “These AAA credit ratings exemplify the commitment Greenville Water has toward fiscal restraint, responsibility and transparency. It is symbolic of our commitment to our customers and the future solvency of Greenville Water.”

Greenville Water serves over 660,000 residents across the Upstate region, providing safe, clean water sourced from its pristine mountain reservoirs. The utility’s consistent financial strength ensures its ability to invest in critical infrastructure, maintain ample system capacity, and meet the needs of a growing community - all while keeping consumer costs low.

This triple recognition from three of the world’s leading credit rating agencies comes as Greenville Water continues to innovate and plan for a sustainable future. With a legacy of excellence spanning more than a century, the utility remains dedicated to its mission of enhancing the quality of life in the Upstate through reliable water services and responsible environmental stewardship.

About Greenville Water

Greenville Water is a public, not-for-profit utility providing high-quality water to over 660,000 residents in Upstate South Carolina. Governed by a five-member Commission of Public Works, Greenville Water operates independently to ensure the delivery of safe, reliable, and affordable water while maintaining a strong financial foundation and a commitment to sustainability.