Post Tagged with: "Fitch Ratings"

Fitch: Arizona water rates rise as Colorado River shortage declared

Fitch: Arizona water rates rise as Colorado River shortage declared

August 18, 2021 at 3:34 pm 0 comments

According to Fitch Ratings, mandatory water cuts from the Colorado River for the 2022 water year were recently announced by the U.S. Bureau of Reclamation (USBR) in its Colorado Basin August 2021 24-month study. Per the study, Lake Mead will operate under a tier 1 shortage for the 2022 waterRead More

Fitch Ratings: U.S. water utilities emerge largely ‘COVID-proof’

Fitch Ratings: U.S. water utilities emerge largely ‘COVID-proof’

July 6, 2021 at 9:50 am 0 comments

Despite increased delinquencies and some bad debts, U.S. water utilities have fared better than originally expected a year after the onset of the coronavirus pandemic, according to Fitch Ratings’ inaugural peer review of the sector. In fact, most water utilities saw improved revenue growth year-over-year despite the crippling effects ofRead More

Fitch Ratings: Cyberattacks may pose ‘broad financial risk’

Fitch Ratings: Cyberattacks may pose ‘broad financial risk’

June 14, 2021 at 8:40 am 0 comments

The recent Colonial Pipeline cyberattack illustrates the broader financial effects that can result from attacks on critical public infrastructure, Fitch Ratings says. A breach of critical assets, such as power or water supply or public transportation, that halts service could result in widespread public and private sector shutdowns if utilitiesRead More

Fitch Ratings: Cyber events could pose ‘material risk’ to water, sewer utility credit

Fitch Ratings: Cyber events could pose ‘material risk’ to water, sewer utility credit

April 8, 2021 at 1:42 pm 0 comments

  Water and sewer credit ratings incorporate an assessment of an entity’s resiliency to manage unexpected events, including cyberattacks, which could pose financial and operating risks that ultimately affect utility credit quality, Fitch Ratings says. Event risks like cyberattacks are considered asymmetric risks per Fitch’s criteria, and are viewed throughRead More

Fitch Ratings: New Lead and Copper Rule will raise costs for water utilities

Fitch Ratings: New Lead and Copper Rule will raise costs for water utilities

February 8, 2021 at 7:15 am 0 comments

The U.S. Environmental Protection Agency’s (EPA) new Lead and Copper Rule (LCR) is not expected to impact utility credit quality over the near-term, but it could have a material effect on certain water utilities’ capex and credit profiles over the medium- to long-term, particularly for those utilities that serve communitiesRead More

Fitch: Revenue continues to climb for U.S. water utilities

Fitch: Revenue continues to climb for U.S. water utilities

November 19, 2018 at 12:27 pm 0 comments

Growth in annual revenue accelerated for U.S. water utilities over the last year while leverage declined, according to Fitch Ratings in a new report. According to Fitch, revenue increased almost 5 percent in the current median cycle with most of the growth again coming from rate adjustments. However, revenues didRead More

Fitch: WIFIA could provide long overdue boost to water projects

Fitch: WIFIA could provide long overdue boost to water projects

May 4, 2017 at 8:45 am 0 comments

According to a new report from Fitch Ratings, water and sewer utilities throughout the country are faced with aging infrastructure and a rather large price tag to rectify it, which could pave the way for substantially more investment in the space. The California drought, the Flint, Mich., toxic water crisisRead More

Fitch Ratings: WOTUS credit neutral

Fitch Ratings: WOTUS credit neutral

March 13, 2017 at 9:30 am 0 comments

According to Fitch Ratings, the potential repeal of, or change to, the Waters of the United States rule (WOTUS) would be largely neutral for Fitch-rated public utilities in the near- to mid-term as they are already subject to water regulations outlined by the Clean Water Act (CWA) and their capitalRead More