other material
confidence high
sentiment positive
materiality 0.60
S&P Global Affirms A+/Stable Credit Rating for Cal Water, California Water Service Group Subsidiary
CALIFORNIA WATER SERVICE GROUP
- S&P Global retained A+/Stable rating for California Water Service (Cal Water), Group's largest subsidiary.
- A+ rating reflects 'excellent' business risk and 'intermediate' financial risk profiles.
- CEO Martin Kropelnicki cited strong balance sheet, fiscal discipline, and credit metrics as validation.
- Affirmation supports Cal Water's ability to invest in infrastructure for stockholders and customers.