SUEZ Water Resources Inc. (SWR) is a lower-risk, and mostly regulated water utility. Effective management of regulatory risk. Geographic and regulatory diversity. Large customer base Wholly owned subsidiary of SUEZ Environnement S.A We measure SWR's financial measures using our most relaxed financial benchmark tables compared to a typical corporate issuer, reflecting SWR's lower-risk, and mostly regulated water utility operations and effective management of regulatory risk. Financial measures that are consistent with the company's current financial risk profile category. Capital spending of about $240 million. Negative discretionary cash flows over the next few years, reflecting the company's capital spending requirements. The stable outlook on Paramus, N.J.-based SUEZ Water Resources Inc. (SWR) reflects S&P Global Ratings' expectation that the company's unrated parent,