Water Revenue Bond Guidelines.pdf

Fitch_water-sewer-criteria.pdf
Preview of Water Revenue Bond Guidelines
🔗 Source: circleofblue.org
📊 Size: 206 KB
👤 Author: KKIM
⬇️ Downloads: 123

Summary

Municipal water and sewer utilities in the US are enduring natural monopolies with strong credit characteristics and a minimal default history. Fitch Ratings' credit ratings for this sector are mostly between 'A−' and 'AAA' and are expected to remain so. The rating guidelines focus on high-quality management practices, which have increased operating stability despite significant environmental mandates. The guidelines are based on the "10 Cs" rating criteria, including management, financial performance, and debt policies. Key ratios used in the rating process include debt per customer, projected debt per customer, and debt service coverage.

Description

Municipal water and sewer utilities in the US are enduring natural monopolies with strong credit characteristics and a minimal default history.

Technical Information

  • File Format: PDF
  • File Size: 206 KB
  • Pages: 13
  • Language: EN
  • Author: KKIM
  • Total Downloads: 123
  • Last Updated: 4 days ago

Document Overview

This PDF document about Water Revenue Bond Guidelines provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Water Revenue Bond Guidelines.

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