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Impact Story

PPIAF Support Helps Kenyan Water Utility Access Commercial Financing

In 2009, the Government of Kenya (GoK) requested PPIAF support to assess four water utilities in Kenya. The objective was to provide borrowers and lenders with an overview of the creditworthiness of water service providers to support access to local currency financing from the domestic financial market. PPIAF and the Water and Sanitation Program (WSP) conducted these credit rating assessments through the Sub-National Technical Assistance Program. At the conclusion of the credit assessment, the Embu Water and Sanitation Company Limited (EWASCO) was one of the BB-rated utilities, defi ned as being likely to fulfill financial obligations with small improvements in some financial and operating performance indicators.

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