Fitch concerned about Rand Water’s profitability, municipal debt
Ratings agency reaffirms utility’s national long-term rating at stable but says huge investment in infrastructure is required
08 November 2023 - 14:35
Ratings agency Fitch has affirmed Rand Water’s national long-term rating at stable, but expressed concern about bulk water supplier profitability and surging municipal debt.
Fitch said it could revise its outlook to “negative” if significant water losses at municipalities and the water distribution network contribute to lower profitability and increasing municipal arrears...
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