real-time news and commentary for investors
Friday, Sep 20
Mueller Water Products CFR upgraded by Moody's
- Moody's upgrades Mueller Water Products' (MWA -0.5%) CFR to B2 (stable).
- The ratings agency cites expectations for a decline in the company's debt to EBITDA ratio and an increase in its interest coverage ratio.
- Also mentioned is a recovery in municipal spending (55% of MWA revenue) and progress in new home construction.