Fixed Income

How will California’s drought affect water utility revenue bonds?

Ty Schoback, Senior Municipal Analyst | November 5, 2014

 California is in its fourth year of drought, one of the worst in the past century.  Key factors when assessing credit quality of water utilities are water supply and source diversity.  Credit strength of California water utilities hinges on political willingness to raise rates.  Potential impact on California-specific and national muni bond funds. California is