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Fitch: Historic Month of Rain Ends Texas Drought

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AUSTIN, Texas--(BUSINESS WIRE)--The wettest May on record, in which the state of Texas averaged nearly nine inches of rain for the month, has brought an end to the state's four-year drought, according to Fitch Ratings. Consequently, water restrictions around the state are easing as the reins around water supplies are loosening. This could have a positive impact on Texas water and sewer utilities' financial margins should customers return to normalized usage patterns and water consumption increa

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