Post Tagged with: "Fitch Ratings"

Fitch Ratings says U.S. public finance issuers face elevated cyber risk amid the ongoing conflict in Iran. Previous geopolitically motivated attacks on U.S. public finance entities primarily have targeted health care and utilities. Fitch said increased broad-based retaliatory cyber intrusions also are likely. According toRead More

A recent peer review for the water sector from credit ratings agency Fitch Ratings’ shows the sector is holding steady overall despite the delayed effects of inflation that have hit U.S. water utilities harder over the last year. According to Fitch, water and sewer systemRead More

| By Audra Dickinson U.S. water utilities are entering a calmer environment in 2024 as the rate of inflation continues to level off, so much so that Fitch Ratings has moved its sector outlook to neutral from deteriorating. Much of the improved picture is drivenRead More

Despite the significant infusion of funds from the American Rescue Plan Act (ARPA) and the Bipartisan Infrastructure Law (BIL), Fitch Ratings said it estimates a funding gap in excess of $85 billion over the next five years for water and sewer utilities that will needRead More

According to a new sector outlook for 2024 by Fitch Ratings, inflationary pressures will continue to ease for U.S. water utilities in the coming year, and the credit ratings agency has moved its outlook to “neutral” from “deteriorating.” Fitch’s U.S. Water and Sewer Outlook 2024Read More

Fitch Ratings says U.S. water utilities weathered the COVID-19 pandemic remarkably well and appear to be on solid footing, even as the broader economy inches closer to recession, according to the credit ratings company’s annual peer review for the sector. According to the review, slowerRead More

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’Read More

By Dennis Pidherny & Audra Dickinson U.S. water utilities fared remarkably well during the coronavirus pandemic and appear to be withstanding the effects of inflation on operations and capital spending thus far. This is not to say the sector hasn’t struggled. Operating costs are upRead More

According to a new report from Fitch Ratings, drought conditions across California have not triggered rating changes thus far for water agencies, although some agencies could be susceptible to rating pressure over time. Despite its second, severe, multi-year drought in a decade worsened by theRead More

According to a recent annual peer review for the sector by Fitch Ratings, U.S. water utilities have fared remarkably well post-coronavirus and are withstanding the effects of inflation on operations and capital spending. Operating costs are up across the board after a decline in fiscalRead More