The ‘AAA’ rating reflects the ability of the state’s EIF state revolving fund (SRF) program’s financial structure to absorb hypothetical pool defaults exceeding Fitch’s ‘AAA’ liability rating stress hurdle (LRSH) without causing an interruption in bond payments. Fitch measures aggregate pool credit risk using its Portfolio Stress Model and the strength of the program’s financial structure using its Cash Flow Model.
Tue 03 Nov, 2026 – 4:53 PM ET