SAWS/BexarMet Merger applauded by Moody

SAWS/BexarMet Merger applauded by Moody

Posted by admin on June 19, 2015 at 1:16 pm

Apartments Now San Antonio CardSAWS/BexarMet’s merger was lauded by Moody’s Credit rating agency Thursday, My San Antonio.com
reports.  Moody’s said that the oversight by the San Antonio Water
System and the city of San Antonio should resolve Bexar Metropolitan
Water District’s financial and management problems.   Moody’s
was also happy to see that SAWS acquired BexarMet’s water rights to the
Edwards Aquifer and the Guadalupe River.  The rights to Medina Lake
aren’t as valuable, however, as the reservoir is less than 20 percent
full.  San Antonio Water System thinks that the merger of the
two water systems will result in savings of more than $90 million. 
Hopefully some of those savings will be passed along to the consumers in
San Antonio Apartments!
photo by Hash Milhan

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