The Hampton Roads Sanitation District plans to issue $208.6 million of Series 2008 wastewater system revenue bonds on March 12 on the heels of an upgrade from Standard & Poor’s to AA-plus.

The rating agency said the upgrade reflects the district’s solid financial performance and management characterized by consistently strong coverage ratios and a solid liquidity position. It also reflects the district’s diverse service area with an estimated population of more than 1.6 million and low user rates.

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