Publication:
Financing Urban Water Services in Kenya : Utility Shadow Credit Ratings

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dc.contributor.authorKimani, Angela
dc.contributor.authorAdvani, Rajesh
dc.contributor.authorSy, Jemima
dc.date.accessioned2014-03-18T21:21:07Z
dc.date.available2014-03-18T21:21:07Z
dc.date.issued2011-11
dc.description.abstractThe Water Services Regulatory Board (WASREB), with support from the Water and Sanitation Program, is exploring the potential for urban water services providers (WSPs) to access medium-term finance from commercial lenders. The debt will be used to finance infrastructure investment to improve access to water services by Kenyans. This paper presents the results of a credit assessment and shadow rating exercise for 43 urban WSPs. The objective of the credit assessment is to provide borrowers and lenders with an overview of the creditworthiness of WSPs to support access to local currency finance from the domestic financial market. It gives an overview of the credit capacity of water utilities, provides utilities with a diagnostic to identify areas for improvement, and exposes financial institutions to potential lending opportunities in the water sector. Commercial finance in water is seen as a supplementary resource to public finance, which remains the predominant source of investment funds in the sector.en
dc.identifierhttp://documents.worldbank.org/curated/en/2011/11/15917868/financing-urban-water-services-kenya-utility-shadow-credit-ratings
dc.identifier.doi10.1596/17330
dc.identifier.urihttps://hdl.handle.net/10986/17330
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesWater and Sanitation Program;
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO MARKET
dc.subjectACCESS TO SAFE WATER
dc.subjectACCESS TO SERVICES
dc.subjectACCOUNTING
dc.subjectACCOUNTS RECEIVABLE
dc.subjectACCOUNTS RECEIVABLES
dc.subjectADMINISTRATIVE FEES
dc.subjectBALANCE SHEET
dc.subjectBALANCE SHEETS
dc.subjectBANKS
dc.subjectBENCHMARKING
dc.subjectBENEFITS OF CREDIT
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBORROWINGS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCENTRAL BANK
dc.subjectCOLLECTION EFFICIENCY
dc.subjectCOMMERCIAL DEBT
dc.subjectCOMMERCIAL FINANCE
dc.subjectCOMMERCIAL FINANCING
dc.subjectCOMMERCIAL LENDERS
dc.subjectCOMMERCIAL LOAN
dc.subjectCOMMERCIAL LOANS
dc.subjectCONSUMERS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOST RECOVERY
dc.subjectCREDIT ANALYSIS
dc.subjectCREDIT ASSESSMENT
dc.subjectCREDIT CAPACITY
dc.subjectCREDIT MANAGEMENT
dc.subjectCREDIT QUALITY
dc.subjectCREDIT QUALITY RATING
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCIES
dc.subjectCREDIT RATING AGENCY
dc.subjectCREDIT RATINGS
dc.subjectCREDIT SCORE
dc.subjectCREDIT SCORES
dc.subjectCREDIT STANDING
dc.subjectCREDITORS
dc.subjectCREDITWORTHINESS
dc.subjectCUBIC METER
dc.subjectCUBIC METER OF WATER
dc.subjectCUSTOMER BASE
dc.subjectCUSTOMER RELATIONS
dc.subjectDEBT
dc.subjectDEBT CAPACITY
dc.subjectDEBT INSTRUMENT
dc.subjectDEBT INSTRUMENTS
dc.subjectDEBT OBLIGATIONS
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE OBLIGATIONS
dc.subjectDEBT SERVICE PAYMENT
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBTOR
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEFAULT RATE
dc.subjectDEFAULTS
dc.subjectDEPENDENT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDOMESTIC BANKS
dc.subjectDOMESTIC BOND
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC CREDIT RATING
dc.subjectDOMESTIC FINANCIAL MARKET
dc.subjectDUE DILIGENCE
dc.subjectEMERGING MARKET
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEMPLOYEE
dc.subjectENABLING ENVIRONMENT
dc.subjectESCROW
dc.subjectESCROW ACCOUNT
dc.subjectEVENT OF DEFAULT
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCE COSTS
dc.subjectFINANCES
dc.subjectFINANCIAL ANALYSIS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL OBLIGATIONS
dc.subjectFINANCIAL RESOURCE
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCIAL VIABILITY
dc.subjectFINANCIERS
dc.subjectFISCAL RESOURCES
dc.subjectFORMAL CREDIT
dc.subjectGDP
dc.subjectGOOD CREDIT
dc.subjectGOVERNANCE STRUCTURE
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT SUPPORT
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHUMAN RESOURCES
dc.subjectHUMAN RIGHT
dc.subjectINCOME STATEMENT
dc.subjectINCOME TAX
dc.subjectINDEXATION
dc.subjectINFLATION
dc.subjectINFORMATION MANAGEMENT
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTEREST EXPENSE
dc.subjectINTEREST PAYMENTS
dc.subjectINVESTING
dc.subjectINVESTMENT CAPITAL
dc.subjectINVESTMENT COSTS
dc.subjectINVESTMENT FINANCING
dc.subjectINVESTMENT FUNDS
dc.subjectINVESTMENT PLAN
dc.subjectINVESTMENT PLANNING
dc.subjectINVESTMENT PLANS
dc.subjectINVESTMENT PROJECTS
dc.subjectJUDGE
dc.subjectJUDGMENT
dc.subjectLEASE FEE
dc.subjectLENDER
dc.subjectLEVERAGE
dc.subjectLEVIES
dc.subjectLEVY
dc.subjectLIMITED LIABILITY
dc.subjectLIMITED LIABILITY COMPANIES
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDATION
dc.subjectLIQUIDATION VALUE
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN PROCEEDS
dc.subjectLOAN REPAYMENT
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM FINANCE
dc.subjectMANDATES
dc.subjectMARKET ECONOMIES
dc.subjectMARKET FINANCE
dc.subjectMUNICIPALITIES
dc.subjectNONPAYMENT
dc.subjectNUMBER OF CONNECTIONS
dc.subjectNUMBER OF DEBTOR
dc.subjectOPERATING COST
dc.subjectOPERATING COSTS
dc.subjectOPERATIONAL PERFORMANCE
dc.subjectOUTSTANDING DEBT
dc.subjectPENALTIES
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPERFORMANCE INDICATORS
dc.subjectPIPELINE
dc.subjectPOPULATION GROWTH
dc.subjectPORTFOLIOS
dc.subjectPOTABLE WATER
dc.subjectPOTENTIAL BORROWERS
dc.subjectPOTENTIAL LENDER
dc.subjectPRIORITY OF PAYMENTS
dc.subjectPRIVATE SECTOR FINANCE
dc.subjectPRIVATE SECTOR FINANCING
dc.subjectPROBABILITY OF DEFAULT
dc.subjectPROFIT MARGIN
dc.subjectPROFITABILITY
dc.subjectPROVISION OF WATER
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectRESERVE
dc.subjectRESERVE FUND
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRISK MANAGEMENT
dc.subjectRISK OF DEFAULT
dc.subjectSALARIES
dc.subjectSECURITY STRUCTURE
dc.subjectSERVICE DELIVERY
dc.subjectSERVICE PROVIDER
dc.subjectSERVICE PROVISION
dc.subjectSEWERAGE COMPANY
dc.subjectSEWERAGE INFRASTRUCTURE
dc.subjectSEWERAGE SERVICES
dc.subjectSHORT-TERM LIQUIDITY
dc.subjectSOFT LOANS
dc.subjectSOLVENT
dc.subjectSOVEREIGN BENCHMARK
dc.subjectSOVEREIGN RATINGS
dc.subjectSPECIFIC DEBT
dc.subjectSTOCK EXCHANGE
dc.subjectSUPPORT FROM GOVERNMENT
dc.subjectTARIFF POLICY
dc.subjectTARIFF RATES
dc.subjectTARIFF REFORM
dc.subjectTARIFF REVISIONS
dc.subjectTAX LIABILITY
dc.subjectTERMS OF DEBTOR
dc.subjectTOWNS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectURBAN UTILITIES
dc.subjectURBAN WATER
dc.subjectUTILITY MANAGERS
dc.subjectVALUE ADDED
dc.subjectWATER ASSOCIATION
dc.subjectWATER CONSERVATION
dc.subjectWATER COVERAGE
dc.subjectWATER PROJECTS
dc.subjectWATER QUALITY
dc.subjectWATER RESOURCE
dc.subjectWATER RESOURCES
dc.subjectWATER RESOURCES MANAGEMENT
dc.subjectWATER SALES
dc.subjectWATER SECTOR
dc.subjectWATER SERVICE
dc.subjectWATER SERVICE PROVIDERS
dc.subjectWATER SERVICES
dc.subjectWATER SUPPLY
dc.subjectWATER SYSTEMS
dc.subjectWATER UTILITIES
dc.titleFinancing Urban Water Services in Kenya : Utility Shadow Credit Ratingsen
dspace.entity.typePublication
okr.date.disclosure2012-03-12
okr.date.doiregistration2025-05-05T11:50:02.079488Z
okr.doctypePublications & Research::Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2011/11/15917868/financing-urban-water-services-kenya-utility-shadow-credit-ratings
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeWater
okr.guid307471468272085175
okr.identifier.externaldocumentum000333037_20120312000130
okr.identifier.internaldocumentum15917868
okr.identifier.report67411
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/03/12/000333037_20120312000130/Rendered/PDF/674110WP0Box360Shadow0Ratings0Kenya.pdfen
okr.region.administrativeAfrica
okr.region.countryKenya
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicWater Supply and Sanitation::Town Water Supply and Sanitation
okr.topicEconomic Theory and Research
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicMacroeconomics and Economic Growth
okr.unitWater & Sanitation Prgm - Africa (TWIAF)
okr.volume1 of 1
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