Raftelis Vice President, Lex Warmath, and Senior Manager, Bart Kreps, authored an article in the November issue of Journal AWWA entitled, “The Cost of Borrowing: Understanding Credit Ratings”. This article delves into the importance of credit ratings for utilities and the role that rating agencies play in evaluating credit. The article can be viewed on AWWA’s website (for AWWA members). For more information, please contact Lex Warmath at lwarmath@raftelis.com or Bart Kreps at bkreps@raftelis.com.