{"id":868456,"date":"2025-07-10T09:21:15","date_gmt":"2025-07-10T13:21:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/"},"modified":"2025-07-10T09:21:15","modified_gmt":"2025-07-10T13:21:15","slug":"sp-global-retains-a-stable-rating-for-california-water-service","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/","title":{"rendered":"S&amp;P Global Retains A+\/Stable Rating for California Water Service"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN JOSE, Calif., July  10, 2025  (GLOBE NEWSWIRE) &#8212; California Water Service Group (\u201cGroup\u201d or \u201cCompany,\u201d NYSE: CWT) today announced that S&amp;P Global has retained an A+\/Stable credit rating for California Water Service (Cal Water), Group\u2019s largest subsidiary, indicating a business risk rating of \u201cexcellent\u201d and a financial risk rating of \u201cintermediate.\u201d<\/p>\n<p>\u201cWe are pleased to receive this continued outstanding rating from S&amp;P Global and are committed to providing consistent, predictable results,\u201d said Chairman &amp; CEO Martin A. Kropelnicki. \u201cIt\u2019s strong validation of Cal Water\u2019s continued strong balance sheet, fiscal discipline and credit metrics, which support our ability to invest responsibly in our infrastructure to the benefit of both stockholders and customers.\u201d<\/p>\n<p>\n        <strong>About California Water Service Group<\/strong>\n      <\/p>\n<p>California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding company. Together, these companies provide regulated and non-regulated water and wastewater service to more than 2.1 million people in California, Hawaii, New Mexico, Washington, and Texas. California Water Service Group\u2019s common stock trades on the New York Stock Exchange under the symbol \u201cCWT.\u201d Additional information is available online at www.calwatergroup.com.<\/p>\n<p>\n        <strong><br \/>\n          <em>This news release contains forward-looking statements within the meaning established by the Private <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>Securities Litigation Reform Act of 1995 (\u201cPSLRA\u201d). The forward-looking statements are intended to qualify under provisions of the federal securities laws for \u201csafe harbor\u201d treatment established by the PSLRA. Forward-looking statements in this news release are based on currently available information, expectations, estimates, assumptions and projections, and our management\u2019s beliefs, assumptions, judgments and expectations about us, the water utility industry and general economic conditions. These statements are not statements of historical fact. When used in our documents, statements that are not historical in nature, including words like will, would, expects, intends, plans, believes, may, could, estimates, assumes, anticipates, projects, progress, predicts, hopes, targets, forecasts, should, seeks or variations of these words or similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements in this news release include, but are not limited to, statements describing Cal Water\u2019s expected financial position and investments in infrastructure projects. Forward-looking statements are not guarantees of future performance. They are based on numerous assumptions that we believe are reasonable, but they are open to a wide range of uncertainties and business risks. Consequently, actual results or outcomes may vary materially from what is contained in a forward-looking statement. Factors that may cause actual results or outcomes to be different than those expected or anticipated include, but are not limited to those described under the section entitled \u201cRisk Factors\u201d and elsewhere in our most recent Annual Report on Form 10-K, our subsequent Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission filings. In light of these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this news release. We are not under any obligation, and we expressly disclaim any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>\n        <strong>Contacts:<\/strong><br \/>\n        <br \/>James P. Lynch (408) 367-8200 (analysts)<br \/>Shannon Dean (408) 367-8243 (media)<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5MjExNCM3MDQwOTk4IzIwMTAzNDI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODc2OTg0ODctMjM2YS00ZWRkLThmMDAtZWVjMjM2ZjNiNDBkLTEwMjE5MTUtMjAyNS0wNy0xMC1lbg==\/tiny\/California-Water-Service-Group.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN JOSE, Calif., July 10, 2025 (GLOBE NEWSWIRE) &#8212; California Water Service Group (\u201cGroup\u201d or \u201cCompany,\u201d NYSE: CWT) today announced that S&amp;P Global has retained an A+\/Stable credit rating for California Water Service (Cal Water), Group\u2019s largest subsidiary, indicating a business risk rating of \u201cexcellent\u201d and a financial risk rating of \u201cintermediate.\u201d \u201cWe are pleased to receive this continued outstanding rating from S&amp;P Global and are committed to providing consistent, predictable results,\u201d said Chairman &amp; CEO Martin A. Kropelnicki. \u201cIt\u2019s strong validation of Cal Water\u2019s continued strong balance sheet, fiscal discipline and credit metrics, which support our ability to invest responsibly in our infrastructure to the benefit of both stockholders and customers.\u201d About California Water Service Group California Water Service &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;S&amp;P Global Retains A+\/Stable Rating for California Water Service&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-868456","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>S&amp;P Global Retains A+\/Stable Rating for California Water Service - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S&amp;P Global Retains A+\/Stable Rating for California Water Service - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN JOSE, Calif., July 10, 2025 (GLOBE NEWSWIRE) &#8212; California Water Service Group (\u201cGroup\u201d or \u201cCompany,\u201d NYSE: CWT) today announced that S&amp;P Global has retained an A+\/Stable credit rating for California Water Service (Cal Water), Group\u2019s largest subsidiary, indicating a business risk rating of \u201cexcellent\u201d and a financial risk rating of \u201cintermediate.\u201d \u201cWe are pleased to receive this continued outstanding rating from S&amp;P Global and are committed to providing consistent, predictable results,\u201d said Chairman &amp; CEO Martin A. Kropelnicki. \u201cIt\u2019s strong validation of Cal Water\u2019s continued strong balance sheet, fiscal discipline and credit metrics, which support our ability to invest responsibly in our infrastructure to the benefit of both stockholders and customers.\u201d About California Water Service Group California Water Service &hellip; Continue reading &quot;S&amp;P Global Retains A+\/Stable Rating for California Water Service&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-10T13:21:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5MjExNCM3MDQwOTk4IzIwMTAzNDI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-global-retains-a-stable-rating-for-california-water-service\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-global-retains-a-stable-rating-for-california-water-service\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"S&amp;P Global Retains A+\\\/Stable Rating for California Water Service\",\"datePublished\":\"2025-07-10T13:21:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-global-retains-a-stable-rating-for-california-water-service\\\/\"},\"wordCount\":555,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-global-retains-a-stable-rating-for-california-water-service\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQ5MjExNCM3MDQwOTk4IzIwMTAzNDI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-global-retains-a-stable-rating-for-california-water-service\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sp-global-retains-a-stable-rating-for-california-water-service\\\/\",\"name\":\"S&amp;P Global Retains A+\\\/Stable Rating for California Water Service - 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Kropelnicki. \u201cIt\u2019s strong validation of Cal Water\u2019s continued strong balance sheet, fiscal discipline and credit metrics, which support our ability to invest responsibly in our infrastructure to the benefit of both stockholders and customers.\u201d About California Water Service Group California Water Service &hellip; Continue reading \"S&amp;P Global Retains A+\/Stable Rating for California Water Service\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-10T13:21:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5MjExNCM3MDQwOTk4IzIwMTAzNDI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"S&amp;P Global Retains A+\/Stable Rating for California Water Service","datePublished":"2025-07-10T13:21:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/"},"wordCount":555,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ5MjExNCM3MDQwOTk4IzIwMTAzNDI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sp-global-retains-a-stable-rating-for-california-water-service\/","name":"S&amp;P Global Retains A+\/Stable Rating for California Water Service - 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