Water and sewer utilities – Medians – Financial performance signals continued stability

Source: Steven Goodman-Leibof, Matt Jaffe, Orlie Prince, Leonard Jones, Moody’s, Sector Profile, Water and sewer utilities – US, May 29, 2019
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Municipal water and sewer utilities continue to demonstrate a stable to modestly improving financial performance, according to our fiscal 2017 medians data. Operating results are primarily driven by utility systems’ (water, sewer and combined enterprises) willingness and ability to raise rates to support debt service coverage and liquidity. Declining asset conditions across the sector, however, indicate an underinvestment in capital infrastructure. These trends are reflected in our stable outlook for the water and sewer utilities sector…..