Post Tagged with: "Fitch Ratings"

Inflationary Pressures Ease for U.S. Water Utilities; Regulatory Policy Looms Large in 2024

Inflationary Pressures Ease for U.S. Water Utilities; Regulatory Policy Looms Large in 2024

February 12, 2024 at 7:35 am 0 comments

| 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

Funding gap for water sector remains despite federal assistance, Fitch says

Funding gap for water sector remains despite federal assistance, Fitch says

December 15, 2023 at 9:05 am 0 comments

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

Fitch: Water sector outlook moves to ‘neutral’ from ‘deteriorating’

Fitch: Water sector outlook moves to ‘neutral’ from ‘deteriorating’

December 7, 2023 at 10:33 am 0 comments

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: Water utilities on solid footing despite possible recession

Fitch: Water utilities on solid footing despite possible recession

September 18, 2023 at 8:39 am 0 comments

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

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

December 14, 2022 at 9:01 am 0 comments

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

Stiffer Inflation Test Awaits U.S. Water and Sewer Utilities in 2023

Stiffer Inflation Test Awaits U.S. Water and Sewer Utilities in 2023

November 28, 2022 at 7:30 am 0 comments

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

Fitch report: Drought could eventually pressure some California water agencies

Fitch report: Drought could eventually pressure some California water agencies

October 25, 2022 at 6:00 am 0 comments

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

Fitch Ratings: U.S. water utilities withstanding inflationary pressures

Fitch Ratings: U.S. water utilities withstanding inflationary pressures

August 24, 2022 at 6:18 am 0 comments

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

Fitch Ratings: Operational technology cyberattacks are a credit risk for utilities

Fitch Ratings: Operational technology cyberattacks are a credit risk for utilities

May 24, 2022 at 12:19 pm 0 comments

Cyberattacks on industrial control systems/operational technology are more likely to have a credit and ESG impact than a corresponding attack on IT, Fitch Ratings says. Operational technology (OT) systems are vital production technologies that prioritize product or service availability and human safety and are oftenRead More

Fitch Ratings: Rising interest rates present opportunity for WIFIA, water utilities

Fitch Ratings: Rising interest rates present opportunity for WIFIA, water utilities

April 26, 2022 at 8:12 am 0 comments

A rising interest rate environment could prove a boon for the Water Infrastructure Finance and Innovation Act (WIFIA) program, according to a new Fitch Ratings report. The WIFIA loan program has been hugely successful for U.S. water utilities but is currently oversubscribed. The size ofRead More