Costly fixes for water and sewer utilities could pressure ratings
May 24, 2021
Water and sewer utilities would need to issue three to four times as much debt as they have been to fund the level of projects the Environmental Protection Agency says they need, according to Moody’s analysts.
The EPA estimated in a 2018 report that $743 billion in water infrastructure improvements are needed to meet the country’s drinking water and wastewater needs.
The majority of those costs will be borne by the utilities, Moody’s analysts said.