In this research, S&P Global Ratings looks at water infrastructure challenges through the lens of non-revenue water (NRW), meaning water that a utility sources and treats but for which it receives no financial compensation.

The report explores how water infrastructure is currently financed; whether there is a significant case for increasing investment in water infrastructure to reduce NRW for stakeholders and rated entities financing water infrastructure; and why underinvestment persists.

For the full report, please consult the link.