Publication: Financing Urban Water Services in Kenya : Utility Shadow Credit Ratings
Date
2011-11
ISSN
Published
2011-11
Author(s)
Kimani, Angela
Advani, Rajesh
Sy, Jemima
Abstract
The 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.
Citation
“Kimani, Angela; Advani, Rajesh; Sy, Jemima. 2011. Financing Urban Water Services in Kenya : Utility Shadow Credit Ratings. Water and Sanitation Program;. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/17330 License: CC BY 3.0 IGO.”