Water Scarcity a Bond Risk, Study Warns

The municipal bonds that help finance a major portion of the nation’s water supply may be riskier than investors realize because their credit ratings do not adequately reflect the growing risks of water shortages and legal battles over water supplies, according to a new study.

By FELICITY BARRINGER and DIANA B. HENRIQUES

Full Story: http://www.nytimes.com/2010/10/21/business/21water.html?_r=2&ref=business