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How to Raise Postrecession Capital Funds
Author(s) -
Jewett Brian
Publication year - 2012
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.5942/jawwa.2012.104.0123
Subject(s) - bond , bond market , recession , debt , bond market index , finance , bond credit rating , capital market , business , municipal bond , politics , economics , financial system , political science , macroeconomics , credit reference , credit risk , law
Has your utility entered the bond market recently? Have you noticed a change in the lending environment? Do you know what it takes to secure debt financing for your utility as we crawl out from under the effects of the Great Recession? Even if your utility has issued bonds in the past, economic challenges have forever changed the landscape of the U.S. bond market. Savvy managers need to be aware of how the political and economic climates have affected the bond market by identifying current trends in the bond market and understanding how those trends affect the bond‐rating process.