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Australian and New Zealand Water Utilities Face Growing Environmental Risk Sep 99
Standard & Poors, Sep 1999
Abstract
Water utilities globally are facing rising environmental pressures. In Australia, the restructure of integrated utilities and the participation of the private sector appear to be two methods increasingly used by government-owned utilities to manage and prepare for these growing pressures. Restructuring can shift the majority of environmental compliance responsibilities from the retail water distributor to the wholesaler. Private participation can shift a substantial level of financing costs and operational responsibilities from water utilities to third parties. The arguments for adopting such strategies are the efficiencies and effectiveness that result from allocating risks to parties best able to deal with them. In addition, the restructuring of the utilities and the private sector participation can be of benefit to the underlying creditworthiness...
Companies mentioned in this report are: Australia (Commonwealth of) (Unsolicited Ratings),New Zealand,United Kingdom (Unsolicited Ratings),New South Wales (State of),South Australia (State of),RWE Thames Water PLC,United Utilities PLC,Anglian Water PLC,Sydney Water Corp.,Auckland City Council,Watercare Services Ltd.,Melbourne Water Corp.,City of Sydney,Melbourne (City of)
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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