Fitch: Inflation to mount for U.S. water, sewer utilities in 2023

Fitch Ratings says 2023 will bring a series of challenges that U.S. water and sewer utilities have not experienced in over a decade, according to Fitch Ratings’ 2023 outlook for the sector.

Fitch Ratings’ 2023 sector outlook for U.S. water and sewer utilities is ‘Deteriorating’ and largely driven by rising inflation and a slowing U.S. economy, with Fitch economists calling for a mild recession around mid-2023. Next year will likely mark a second straight year of cost and capital pressures for water and sewer utilities, according to Senior Director and U.S. Water and Sewer Sector Head Audra Dickinson.