The GIZ/NCD/VfU “Corporate Bonds Water Credit Risk Tool” enables users to integrate financial risk exposure to water scarcity into standard financial models used to assess the credit strengths of corporates across water-intensive sectors including power utilities, beverages and mining. The tool addresses an information gap in traditional financial analysis. By combining data on the quantity of corporate water use per production location with data on site-specific water supply and demand conditions, the tool allows financial analysts to quantify corporate exposure to water stress and its potential impact on a company’s credit ratios. The report explains how to apply the excel-tool.