MISI Score
22.0
Watch
Project NC / Wake County
BOTH · Wake CountyPWSID NC0392010
MISI Score
22.0
Watch
Score Confidence
1.0%
Peer Percentile
13.7th
As of
Apr 23, 2026
EXPLANATION
MARKET INTERPRETATION
Raleigh's public water system serves roughly 640,000 residents, placing it among the larger community systems in this coverage set. 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, with Capex Pressure 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 14th percentile on measured stress, placing it among the least stressed 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 |
|---|---|---|---|---|
| 1 | 1 | 1 | 1 | 1 |
ACTIVE SIGNALS
Large structural capital need relative to local support capacity often precedes major rate or funding pressure.
Score impact: 4.0 · Family: Capex Pressure
Elevated drought and flood exposure raises outage, source-water, and infrastructure reliability stress.
Score impact: 8.0 · Family: Operational Stress
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
PFAS detections can force expensive treatment retrofits and accelerate capital plans.
Score impact: 6.0 · Family: Capex Pressure
HISTORY
Latest
22.0
Trend
+22.0
Observations
26
NC TREASURER FBA
Days Cash on Hand
753
Days Cash As Of
Jun 30, 2024
Population Served
640,000