{"id":280064,"date":"2026-05-05T18:31:07","date_gmt":"2026-05-05T18:31:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/280064\/"},"modified":"2026-05-05T18:31:07","modified_gmt":"2026-05-05T18:31:07","slug":"corpus-christi-water-system-credit-rating-drops-as-drought-concerns-grow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/280064\/","title":{"rendered":"Corpus Christi water system credit rating drops as drought concerns grow"},"content":{"rendered":"<p>City officials said Tuesday that S&amp;P lowered the rating to A and placed the city on negative watch due to water supply concerns and rising project costs.<\/p>\n<p>CORPUS CHRISTI, Texas \u2014 The <a href=\"https:\/\/www.corpuschristitx.gov\/news\/posts\/city-of-corpus-christi-utility-system-receives-credit-rating-downgrade-from-sp-global-ratings\/?utm_source=chatgpt.com\" rel=\"nofollow noopener\" target=\"_blank\">City of Corpus Christi<\/a>\u2019s utility system credit rating was lowered by S&amp;P Global Ratings from AA- to A on Tuesday, citing ongoing drought concerns and the risk of a possible Level 1 water emergency later this year.<\/p>\n<p>The city said the downgrade also reflects the need to secure additional water supplies and keep up with rising costs associated with major water projects.\u00a0<\/p>\n<p>The new \u201cA\u201d rating is still considered investment grade, but signals increased financial pressure.<\/p>\n<p>The agency placed the city on a \u201cnegative credit watch,\u201d meaning it will closely monitor financial performance, progress on water projects, and the city\u2019s ability to raise utility rates over the next three to six months.\u00a0<\/p>\n<p>City officials said the rating could be raised or lowered again depending on those factors.<\/p>\n<p>S&amp;P also lowered credit ratings from AA- to A for certain water related debt tied to the Nueces River Authority and the Lavaca-Navidad River Authority. Those debt issues are connected to projects that move water from Lake Texana through the Mary Rhodes Pipeline.<\/p>\n","protected":false},"excerpt":{"rendered":"City officials said Tuesday that S&amp;P lowered the rating to A and placed the city on negative watch&hellip;\n","protected":false},"author":2,"featured_media":104221,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[155,157,156],"class_list":["post-280064","post","type-post","status-publish","format-standard","has-post-thumbnail","category-corpus-christi","tag-corpus-christi","tag-corpus-christi-headlines","tag-corpus-christi-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/280064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=280064"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/280064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/104221"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=280064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=280064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=280064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}