BondGov profile for Billings Montana Water System Revenue, compiled from public sources
B
Billings Montana Water Syst…
🔍
🌐 Compiled from MSRB EMMA & public records · read-only public record · debt as of Sep 11, 2026 · latest trade Sep 11, 2026 · latest filing Jun 18, 2026
Credit ratings
agency-stated
Moody's
Aa2
20 rated securities
Maturity profile
par maturing by year · as of Sep 2026
Recent activity
rating actions & filings
Annual Financial Information and Operating Data filed
Jun 18, 2026 · Annual Financial Information and Operating Data: Annual Informa…
Official statement posted
Jun 10, 2026 · WATER SYSTEM REVENUE BONDS, SERIES 2026
Audited Financial Statements or ACFR filed
Mar 6, 2026 · Audited Financial Statements or ACFR: FY 2025 ACFR
Annual Financial Information and Operating Data filed
Jun 28, 2025 · Annual Financial Information and Operating Data: FY 2024 Annual…
Audited Financial Statements or ACFR filed
Mar 3, 2025 · Audited Financial Statements or ACFR: ACFR Report
Annual Financial Information and Operating Data filed
Mar 22, 2024 · Annual Financial Information and Operating Data: FY 2023 Annual…
In context
Larger than 92% of MT issuers by debt outstanding · #18 of 208
Debt overview
EMMA-derived
Outstanding par (EMMA est.)—
Securities17
Callable60%
Debt service
estimated principal + interest by year
Estimated at current coupons — principal at maturity plus a full year’s interest on bonds still outstanding. Compiled from EMMA security data; not a substitute for the official statement.
Outstanding securities
17
Outstanding securities for Billings Montana Water System Revenue
CUSIP
Series / description
Coupon
Maturity
Outstanding
Ratings
First call
090149AD7
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2027
$1,670,000
—
—
090149AW5
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2027
$1,200,000
Moody’s Aa2
—
090149AE5
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2028
$1,755,000
—
—
090149AX3
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2028
$1,290,000
Moody’s Aa2
—
090149AY1
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2029
$1,355,000
Moody’s Aa2
—
090149AF2
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2029
$1,845,000
—
—
090149AG0
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2030
$2,590,000
—
—
090149AZ8
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2030
$1,420,000
Moody’s Aa2
—
090149BA2
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2031
$1,490,000
Moody’s Aa2
—
090149AH8
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2031
$2,870,000
—
—
090149AJ4
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2032
$3,015,000
—
—
090149BB0
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2032
$1,565,000
Moody’s Aa2
—
090149AK1
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2033
$3,360,000
—
July 1, 2032
090149BC8
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2033
$1,645,000
Moody’s Aa2
—
090149BD6
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2034
$1,725,000
Moody’s Aa2
—
090149AL9
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2034
$3,530,000
—
July 1, 2032
090149BE4
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2035
$1,815,000
Moody’s Aa2
—
090149AM7
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2035
$4,225,000
—
July 1, 2032
090149AN5
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2036
$4,545,000
—
July 1, 2032
090149BF1
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2036
$1,905,000
Moody’s Aa2
July 1, 2035
090149BG9
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2037
$2,000,000
Moody’s Aa2
July 1, 2035
090149AP0
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
5.0%
Jul 1, 2037
$4,770,000
—
July 1, 2032
090149AQ8
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
3.875%
Jul 1, 2038
$5,010,000
—
July 1, 2032
090149BH7
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2038
$2,100,000
Moody’s Aa2
July 1, 2035
090149AR6
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
4.0%
Jul 1, 2039
$5,205,000
—
July 1, 2032
090149BJ3
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
5.0%
Jul 1, 2039
$2,205,000
Moody’s Aa2
July 1, 2035
090149AS4
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
4.0%
Jul 1, 2040
$5,415,000
—
July 1, 2032
090149BK0
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.0%
Jul 1, 2040
$2,315,000
Moody’s Aa2
July 1, 2035
090149BL8
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.0%
Jul 1, 2041
$2,405,000
Moody’s Aa2
July 1, 2035
090149AT2
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
4.0%
Jul 1, 2041
$5,630,000
—
July 1, 2032
090149BM6
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.0%
Jul 1, 2042
$2,505,000
Moody’s Aa2
July 1, 2035
090149AU9
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
4.0%
Jul 1, 2042
$5,855,000
—
July 1, 2032
090149BN4
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.0%
Jul 1, 2043
$2,605,000
Moody’s Aa2
July 1, 2035
090149AV7
BILLINGS MONT WTR SYS REV BDS 2023A (MT)*
4.0%
Jul 1, 2043
$6,090,000
—
July 1, 2032
090149BP9
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.0%
Jul 1, 2044
$2,710,000
Moody’s Aa2
July 1, 2035
090149BQ7
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.0%
Jul 1, 2045
$2,815,000
Moody’s Aa2
July 1, 2035
090149BR5
BILLINGS MONT WTR SYS REV BDS 2026 (MT)*
4.125%
Jul 1, 2046
$2,930,000
Moody’s Aa2
July 1, 2035
Market activity
EMMA · secondary trades · latest Sep 11, 2026
Each dot is a reported secondary trade — yield by trade date, sized by par, colored by trade side. Hover for detail.
Rating actions as disclosed by the issuer to the MSRB’s EMMA system under SEC Rule 15c2-12; the ratings are the opinions of the respective rating agencies (Moody's, S&P Global Ratings, Fitch Ratings, KBRA). Dates are the rating-action dates stated in each notice.
Annual financial filings posted to the MSRB’s EMMA, newest first — a reporting-cadence signal. Click a year to open the filing.
6 continuing-disclosure filings compiled
Latest filing within the past year · latest posting 2026-06-18
Counts what BondGov has compiled from the MSRB’s EMMA — a coverage fact, not a compliance rating or a days-late claim. Contact routes show as on file only; the address itself is never published here. Verify on EMMA ↗
Standing
as of Sep 12, 2026
What the public record shows about this issuer’s disclosure practice. Compiled from the MSRB’s EMMA and from award letters governments record themselves. MuniPro confers no credential and issues no rating.
Credentials on record
Conferred by GFOA, recorded from the award letter. Never inferred.
Certificate of Achievement for Excellence in Financial Reporting
No receipt on file
Distinguished Budget Presentation Award
No receipt on file
Popular Annual Financial Reporting Award
No receipt on file
Nothing recorded here means nothing has been recorded — not that an award was withheld.
Dated obligations
Filings a law or contract puts a date on.
Not measured
MuniPro does not hold this issuer’s own continuing-disclosure undertaking date, so no filing is called late here. Why →
Record quality
Disclosure practice — not an assessment of creditworthiness.
Annual reporting compiled
1 of 2
1 of 2 reporting years (2024–2025) have an annual financial filing compiled from the MSRB’s EMMA. The denominator is MuniPro’s 2-year reading window — it is NOT a filing obligation, and a missing year here means no filing was compiled, not that one was owed and skipped.
Record freshness
Within the past year
The newest continuing-disclosure filing MuniPro has compiled for this issuer was posted 86 days ago. This is the age of the public record — it is not a lateness claim, because MuniPro does not hold the date this issuer’s undertaking sets.
Filing timeliness
Not measured
Timeliness needs the date this issuer’s own continuing-disclosure undertaking sets. MuniPro does not hold it, and will not substitute a generic interval.
Standing describes disclosure practice — not an assessment of creditworthiness. It is not a rating, a rank against other governments, or a MuniPro credential.
See the full computation →
Frequently asked questions
Outstanding securities, official statements, and continuing-disclosure filings are compiled from the MSRB’s EMMA system and other public records. This profile is auto-compiled and has not yet been claimed by the issuer.
No. BondGov aggregates public information for transparency. Nothing here is an offer, solicitation, or recommendation. Consult the official statement and your own advisors before investing.