CHICAGO – Flint, Michigan’s decision to stick with Detroit’s regional water system instead of switching to a new pipeline as previously planned won’t have an immediate rating impact on the project’s bonds.

S&P Global Ratings issued a bulletin on the Karegnondi Water Authority’s 2014 issue, which is rated A, on Thursday, two days after the city announced its intention to stick with the water delivery system operated by the Great Lakes Water Authority instead of shifting to the KWA pipeline.

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