Water supplier EASTW earns ‘A+’ rating
TRIS Rating has affirmed an “A+” rating for both Eastern Water Resources Development and Management Plc (EASTW) and its senior unsecured debentures.
The ratings reflect EASTW’s strengths as a key provider of raw water with a comprehensive pipeline network in the Eastern Seaboard, rising water demand in the Eastern Economic Corridor area, its high profitability, and highly predictable cash flows.
These strengths are partially offset by uncertainties over climate change and the new Water Resources Act.
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