Moody’s Investors Service on Monday downgraded the DuPage Water Commission’s debt by three notches and left a negative outlook because the utility has depleted its reserves and borrowed to cover operations.

Moody’s also chastised the commission for weak management that was not in line with the previous higher ratings as well as its failure keep rates at a level to support expenditures.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.