Kenya Water Service Provider Creditworthiness Index Report

The Kenya water supply and sanitation (WSS) sector has been on a long path of facilitating commercial lending to Water Service Providers (WSPs). A key component of this effort is the evolution of rating the credit risk of WSPs for local lenders. However, the trade-off in credit rating WSPs is to provide the best credit analysis to help lenders assess the creditworthiness of WSPs, yet have a system that is simple and affordable enough to replicate on an annual basis. To solve this trade-off, the Water Services Regulatory Board (WASREB) and the Water and Sanitation Program of the World Bank have created a Creditworthiness Index for the WSPs in Kenya. In lieu of performing a full shadow rating analysis, which is much more thorough yet also more time-consuming and costly, the Creditworthiness Index provides a simplified snapshot of the financial and operational performance of WSPs.

Bibliographic Details

Main Author:	World Bank Group
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2015-11
Subjects:	TARIFFS, SOVEREIGN BENCHMARK, DEFICIT, CAPITAL MARKETS, REGULATORY FRAMEWORK, BORROWER, CORPORATE DEFAULT, INTEREST RATE SPREAD, DEFAULTS, FINANCIAL MANAGEMENT, INFORMATION SYSTEM, DEBTORS, INTEREST, DOMESTIC CREDIT RATING, INTEREST RATE, OPTION, LIQUIDITY, DOMESTIC MARKET, DEBTOR, REPAYMENTS, INFRASTRUCTURE DEVELOPMENT, TOTAL DEBT, REVENUES, FINANCIAL STATEMENTS, DEFAULT RISK, LOAN, CREDITWORTHINESS, BORROWERS, TAX, INCOME TAX, INCOME STREAMS, GOVERNMENT SUPPORT, INFLATION, INTERNATIONAL BANK, PENSION, CASH FLOWS, INSTRUMENTS, LENDER, DEBT PAYMENT, EMERGING MARKET ECONOMIES, ENABLING ENVIRONMENT, BUDGET, HUMAN RESOURCE, CREDIT RATINGS, CURRENCY, INTEREST EXPENSE, SECURITIES MARKET, DEBTS, FINANCES, LENDING DECISIONS, CASH RESERVES, EMERGING MARKET, FINANCIAL INSTITUTIONS, MARKETS, DEBT, LONG TERM DEBT, RETURN, LENDERS, ACCOUNTS RECEIVABLE, LOANS, RESERVES, NATIONAL TREASURY, DEBT SERVICE, CAPITAL INVESTMENTS, DUE DILIGENCE, CREDIT RATING COMPANY, LEGAL FRAMEWORK, FINANCE, MARKET ECONOMIES, PROFIT MARGIN, EXPENDITURE, TRANSACTIONS, EQUITY, LOAN REPAYMENT, INVESTORS, SOVEREIGN RATINGS, DEBT PAYMENTS, GOOD, GOVERNMENT BUDGET, COMMERCIAL CREDIT, GOVERNANCE ISSUES, CREDIT ASSESSMENT, TURNOVER, LIQUIDITY RATIOS, FUTURE, DEFAULT RATES, CORPORATE BORROWERS, BUDGETS, REPAYMENT, FINANCIAL PERFORMANCE, AMORTIZATION, ISSUANCE, LEGAL OWNERSHIP, CASH MANAGEMENT, BALANCE SHEET, MARKET, DEFAULT, LOCAL CURRENCY, CREDIT RATING, PRINCIPAL REPAYMENTS, RISK OF DEFAULT, MUNICIPAL FINANCE, SECURITIES, TREASURY, SOLVENCY, CREDIT RISK, INFRASTRUCTURE INVESTMENTS, GOVERNMENT POLICIES, INTERESTS, CREDIT RATING AGENCY, INVESTOR, SECURITY, DEBT INSTRUMENTS, INVESTMENT, DOMESTIC CREDIT, COMMERCIAL BANKS, HUMAN RESOURCES, POVERTY, CREDIT QUALITY, FINANCIAL INFORMATION, TARIFF, DEFAULT RATE, DEBT SERVICE PAYMENTS, REVENUE, MARKET SPECIALIST, PROFIT, INVESTMENTS, LENDING, DEBT INSTRUMENT, TRUST FUND, LIQUIDITY RATIO, MARKET FINANCE, INSTRUMENT, CREDIT STRENGTH, PUBLIC SPENDING, LOCAL LENDERS, LIABILITIES, DEBT SERVICE PAYMENT, GUARANTEE, DEVELOPMENT BANK, CASH FLOW, INVESTING,
Online Access:	http://documents.worldbank.org/curated/en/2016/02/25911569/kenya-urban-commercial-financing-water-sanitation-water-service-provider-creditworthiness-index-report https://hdl.handle.net/10986/23754
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