Fitch2010水务及污水排放线调查报告.pdf

Public Finance Revenue 2010 Water and Sewer Medians Special Report Analysts Summary The 2010 medians continue Fitch Ratings’ effort to provide transparency to market Doug Scott participants by giving a clear understanding of certain statistical ratios used in its +1 512 215-3725 douglas.scott@ review of water and sewer revenue bond credits as they pertain to retail systems. For Kathy Masterson the most part, the key findings for 2010 continue trends Fitch has observed over the +1 415 732-5622 past several years and that form the basis of credit drivers discussed in Fitch Research kathy.masterson@ “2010 Water and Sewer Sector Outlook,” dated Feb. 10, 2010, available on Fitch’s Web Christopher Hessenthaler site at . The medians continue to point to ongoing capital +1 212 908-0773 christopher.hessenthaler@ pressures, but perhaps more importantly in the current economic climate, they Gabriela Gutierrez, CPA highlight the sector’s sustained fiscal health. Certainly, particular regions and classes of +1 512 215-3731 utilities are facing greater near term stress than their counterparts, and Fitch gabriela.gutierrez@ anticipates that the cumulative effect could diminish future median results somewhat. Robert Sakai Nevertheless, water and sewer utilities overall appear well positioned to continue +1 415 732-