MISI Score
30.0
Watch
Project NC / Watauga County
BOTH · Watauga CountyPWSID NC0195020
MISI Score
30.0
Watch
Score Confidence
0.9%
Peer Percentile
90.7th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Blowing Rock is a smaller community water system, serving approximately 1,637 residents. At the latest reading, Munimetric flags the system as showing early but meaningful signs of structural stress.
The score is being driven mainly by Operational Stress, which is running high in the model, with Capex Pressure adding further pressure. In other words, Operational Stress is doing most of the heavy lifting in the headline score.
5 active stress signals are attached to this system, including 3 at high severity. That signal mix points to a system where several warning indicators are firing at once, not just one extreme outlier.
Within its peer cohort, this system ranks around the 91st percentile on measured stress, placing it among the more stressed systems in its peer group.
Recent score history has been relatively steady, consistent with the system's overall profile.
This summary is based on structured, source-backed public data and is intended for research and monitoring only. It is not investment advice, a credit opinion, or municipal advisory guidance.
SCORE STACK
SL 2020-79
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 7 | 2 | 9 | 8 | 7 |
ACTIVE SIGNALS
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 8.0 · Family: Revenue Fragility
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 6.0 · Family: Operational Stress
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 4.0 · Family: Operational Stress
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
Lead and copper exceedances and replacement obligations can drive near-term treatment and capital pressure.
Score impact: 8.0 · Family: Capex Pressure
HISTORY
Latest
30.0
Trend
+30.0
Observations
20
NC TREASURER FBA
Days Cash on Hand
0
Days Cash As Of
Jun 30, 2024
Population Served
1,637