water infrastructure

Global bond rating agency Standard and Poor's has lowered the borrowing rate for the newly-created Central Alabama Water system.Concerns about the public utility's weakening liquidity, aging assets and substantial reorganization of management cited as some of the reasons.Earlier this week, the “CAW's” long-term rating was downgraded from Double-A to Double-A minus.S&P also warned of further cuts within 90 days, if financial transparency is not improved.

Scores of communities around the United States have aging and decrepit wastewater systems that can put residents' health and homes at risk. The Bipartisan Infrastructure Law and former President Joe Biden's administration promised hundreds of millions of dollars to address the problem, but much of that has been undone in President Donald Trump's return to office. Alabama communities are reportedly included.

Trillions of gallons are lost from aging drinking water systems across the U.S., underscoring an economic and public health reckoning after decades of deferred maintenance and disinvestment that leave some communities struggling to provide reliable service. One Alabama is considered an example.

MONTGOMERY, Ala. (AP) — Alabama is in line for nearly $42 million in federal funding to help with projects related to water. An announcement from the…