Mueller Water Products CFR upgraded by Moody's

|About: Mueller Water Products, Inc. (MWA)|By:, SA News Editor

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.