MISI Score
19.0
Stable
Project NC / Pitt County
BOTH · Pitt CountyDistressedPWSID NC0474055
MISI Score
19.0
Stable
Score Confidence
0.8%
Peer Percentile
26.7th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Grimesland is a smaller community water system, serving approximately 332 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Operational Stress, with Revenue Fragility adding further pressure. The pressure is distributed rather than concentrated in a single dimension.
4 active stress signals are attached to this system, including 2 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 27th percentile on measured stress, placing it below typical peer-group stress levels.
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 |
|---|---|---|---|---|
| 8 | 12 | 17 | 4 | 8 |
ACTIVE SIGNALS
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 5.0 · Family: Revenue Fragility
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
High-AGI outmigration erodes the rate base and compresses affordability headroom.
Score impact: 4.0 · Family: Revenue Fragility
HISTORY
Latest
19.0
Trend
+19.0
Observations
20
NC TREASURER FBA
Days Cash on Hand
40
Days Cash As Of
Jun 30, 2024
Population Served
332