MISI Score
42.0
Fragile
Project NC / Cumberland County
BOTH · Cumberland CountyPWSID NC0326010
MISI Score
42.0
Fragile
Score Confidence
1.0%
Peer Percentile
50.0th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Fayetteville Public Works Commission's drinking-water system serves about 215,590 residents, making it a mid-size system within the coverage universe. The current reading places the system in a zone of moderate-to-elevated stress that goes beyond normal operating variation.
The score is being driven mainly by Capex Pressure, which is at the top of its range in the model, with Operational Stress adding another heavy layer of pressure. That combination suggests strain is showing up across core system functions, not just one isolated dimension.
8 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 50th percentile on measured stress, placing it near the middle of the peer group on measured stress.
Recent observations suggest the system has been relatively steady rather than sharply improving or deteriorating — the current picture looks more like persistent underlying pressure than a sudden shift.
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 |
|---|---|---|---|---|
| 2 | 3 | 2 | 2 | 2 |
ACTIVE SIGNALS
Large structural capital need relative to local support capacity often precedes major rate or funding pressure.
Score impact: 8.0 · Family: Capex Pressure
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 4.0 · Family: Operational Stress
Parent-government debt, pension, or operating stress can constrain infrastructure support and governance flexibility.
Score impact: 4.0 · Family: Governance Risk
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 6.0 · 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
42.0
Trend
+42.0
Observations
20
Population Served
215,590
PFAS detections can force expensive treatment retrofits and accelerate capital plans.
Score impact: 6.0 · Family: Capex Pressure
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 4.0 · Family: Revenue Fragility