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AWWA ACE93049
- Strategies to Enhance Water Utilities' Credit-Worthiness Through Risk Management
- Conference Proceeding by American Water Works Association, 01/01/1993
- Publisher: AWWA
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Managing credit-worthiness effectively means managing risk-making a concerted effort to identify and manage risk factors which have the potential of affecting the utility's future financial performance. Before developing an overall framework for risk management and discussing some risk management's strategies, it is helpful to first take a look at 1) how risk is perceived by a utility's potential creditors and investors, and 2) what the major sources of financial risk are in the water utility industry.