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S&P Global Retains A+/Stable Rating for California Water Service

1. S&P Global reaffirmed Cal Water's A+/Stable credit rating. 2. This rating indicates excellent business risk and intermediate financial risk. 3. Cal Water's strong balance sheet supports infrastructure investment. 4. Over 2.1 million people served across multiple states. 5. CEO emphasizes commitment to consistent and responsible outcomes.

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FAQ

Why Bullish?

An A+/Stable credit rating enhances investor confidence, similar to past cases with regulated utilities, which have benefitted from strong ratings by attracting more investments.

How important is it?

The sustained high credit rating can positively affect stock performance and investor perception of risk.

Why Long Term?

A solid credit rating allows for future infrastructure investments, contributing to sustainable growth and stability for several years.

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DUKAWKWTRG
July 10, 2025 09:15 ET  | Source: California Water Service Group SAN JOSE, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- California Water Service Group (“Group” or “Company,” NYSE: CWT) today announced that S&P Global has retained an A+/Stable credit rating for California Water Service (Cal Water), Group’s largest subsidiary, indicating a business risk rating of “excellent” and a financial risk rating of “intermediate.” “We are pleased to receive this continued outstanding rating from S&P Global and are committed to providing consistent, predictable results,” said Chairman & CEO Martin A. Kropelnicki. “It’s strong validation of Cal Water’s 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.” About California Water Service Group 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’s common stock trades on the New York Stock Exchange under the symbol “CWT.” Additional information is available online at www.calwatergroup.com. This news release contains forward-looking statements within the meaning established by the Private Securities Litigation Reform Act of 1995 (“PSLRA”). The forward-looking statements are intended to qualify under provisions of the federal securities laws for “safe harbor” 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’s 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’s 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 “Risk Factors” 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. Contacts:James P. Lynch (408) 367-8200 (analysts)Shannon Dean (408) 367-8243 (media)

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