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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.
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