How to Raise Postrecession Capital Funds

Has your utility entered the bond market recently? Have you noticed a change in the lending environment? Do you know what it takes to secure debt financing for your utility as we crawl out from under the effects of the Great Recession? Even if your utility has issued bonds in the past, economic challenges have forever changed the landscape of the U.S. bond market. Savvy managers need to be aware of how the political and economic climates have affected the bond market by identifying current trends in the bond market and understanding how those trends affect the bond‐rating process.