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Moody's Upgrades SD1 Bond Rating, Boosting Local Finances

2/18/2026

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Summary

Story summary

Moody's Ratings upgraded the Sanitation District No. 1 of Northern Kentucky (SD1) revenue bond rating from Aa2 to Aa1.
The upgrade reflects SD1's healthy metrics, including a debt service coverage ratio near 3x and a debt position of about 2.4x revenues.
SD1 expects nearly $1.8 billion in capital needs through 2040 while staying financially stable.
RSA Advisors noted that the upgrade will lower future borrowing costs, benefiting local communities.

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Story summary

Moody's Ratings upgraded the Sanitation District No. 1 of Northern Kentucky (SD1) revenue bond rating from Aa2 to Aa1.
The upgrade reflects SD1's healthy metrics, including a debt service coverage ratio near 3x and a debt position of about 2.4x revenues.
SD1 expects nearly $1.8 billion in capital needs through 2040 while staying financially stable.
RSA Advisors noted that the upgrade will lower future borrowing costs, benefiting local communities.