June 15 2017 Newsletter (888) 516 9594
Creating Loyal Utility Customers and Why It’s Important to Infrastructure Improvements

Every community utility system faces significant financial challenges. Infrastructure replacement, repair and/or upgrades are the most critical issues to your bottom line.

The EPA estimates Indiana alone needs $6.55 billion for infrastructure upgrades and renewal. We have a utility client in a small community with only 2,500 customers that is expecting a $12,500,000 investment to upgrade their service. That’s significant for them.

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Multiple Bond Insurers Placed on S&P Credit Watch

On June 6, 2017, S&P Global Ratings (S&P) placed the ratings assigned to municipal bond insurance providers (insurance providers), Build America Mutual Assurance Co. (BAM), MBIA Inc. (MBIA) and National Public Finance Guarantee Corp. (National) under review on a “CreditWatch Negative” based upon their evaluation of the bond insurers' competitive positions. Currently, BAM holds an 'AA' financial strength rating, MBIA has an 'A-' long-term counterparty credit rating and National maintains an 'AA-' financial strength rating.

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