Public utilities
Moody's Assigns Aa2 Rating to City of Los Angeles Department of Water and Power's Power System Revenue Bonds
The City of Los Angeles Department of Water and Power (LADWP) has issued $1.36 billion in Power System Revenue Bonds, 2025 Series C. Moody's Investors Service has assigned a Aa2 rating to the bonds, with a negative outlook. The rating reflects LADWP's strong financial metrics,