AWK Growth Outlook and Military Services Strategic Value
Strong Balance Sheet and Industry-Leading
Credit Ratings
AWK Long-Term Issuer Ratings
Total Debt to Total Capital
S&P Global
A
Moody's
(Stable Outlook)
Baa1
(Stable Outlook)
2021
61%
-
AMERICAN WATER
Long-Term
Target
≤ 60%
Ratings affirmed at both
agencies following Nov.
2021 Investor Day
Consolidated Debt Maturity Profile
as of December 31, 2021
Low risk business profile
Strong regulatory jurisdictions
Supportive financial plans
Note: 2021 adds back to short-term debt $480M of HOS sale proceeds that will be redeployed
in the Regulated Business.
Liquidity Available
as of December 31, 2021
$50
($ in millions)
$8,600
$600
$475
$450
$275
2022
2023
2024
2025
2026
Thereafter
$1,700
$100
Long-Term Target
$750-$1,000
$75
$1,600*
$700-$900
($ in millions)
Cash
Revolving Credit Facility
*Includes $1,500 available commercial paper, $100 available letters of credit
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