Why Moody’s downgraded American Water’s credit rating

American Water’s long-term credit rating was downgraded by Moody’s Monday, with the investors service citing the Camden-based company’s capital spending amid the federal tax reform’s negative impact on free cash flow.

The rating action note bumped American Water Works Co.’s and its financing vehicle American Water Capital Corp.’s long-term debt rating from A3 to Baa1, with a stable outlook. American Water is the largest publicly traded water and waste water utility in the country, operating…

from Fort Lauderdale Real Estate News & Residential Real Estate News – Residential Real Estate News Headlines | Bizjournals.com & Banking & Financial News – Banking & Financial News Headlines | Bizjournals.com http://feeds.bizjournals.com/~r/industry_2/~3/uW6mfzrT6BA/why-moodys-downgraded-american-waters-credit.html

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