EASTERN WATER TRIS AFFIRMS “A+” FOR SENIOR UNSECURED BONDS
TRIS Rating affirms the company rating of Eastern Water Resources Development and Management Plc (EASTW) and the ratings of EASTW’s senior unsecured debentures at “A+” with a “stable” outlook.
The ratings reflect EASTW’s strengths as the sole raw water provider with a comprehensive pipeline network in the Eastern Seaboard area, its high profitability, and reliable cash flows. These strengths are partially offset by the unpredictable effects of climate change and its higher leverage due to major investments.
