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WaterOne Bond Ratings Affirmed In conjunction with the rating of WaterOne’s upcoming 2009 Bonds, Moody’s Investors Service affirmed WaterOne’s senior parity bonds to their highest quality rating of “Aaa”. Standard and Poor’s Corporation has also affirmed their highest rating of “AAA” on the senior parity bonds. WaterOne received a rating of “AAA” from Standard & Poor’s Corporation and “Aa1” from Moody’s Investors Service on the second lien 2009 Bonds. On September 8, 2009 WaterOne will sell $26,145,000 in bonds by competitive bid. WaterOne pays lower interest rates on its bonds because of the exceptionally high bond ratings, which results in savings to their ratepayers. WaterOne anticipates savings in the range of $2.6 million over the life of the 2009 Bonds. The 2009 Bonds will refund WaterOne’s outstanding 1996A Bonds, 1999 Bonds and 2000 Bonds. Anyone interested in purchasing the bonds should contact his/her financial advisor or broker. |