Thames Water has requested yet another referral of Ofwat’s Final Determination on its AMP8 Business Plan to the Competition and Markets Authority (CMA) for a re-determination with no specified deadline – which the water sector’s economic regulator has agreed to.

Ofwat has agreed to a request from Thames Water to further defer the referral of its PR24 Final Determination for the water company to the Competition and Markets Authority (CMA) for a re-determination until 22^nd October 2025.

Anglian Water’s Board has asked Ofwat to refer its PR24 Final Determination to the Competition and Markets Authority (CMA) - its AMP8 Business Plan was one of the largest infrastructure proposals in the sector, totaling £11.2 billion.

Thames Water has today asked its economic regulator, Ofwat, to refer its Final Determination to the Competition and Markets Authority (CMA) for a redetermination on its AMP8 Business Plan.

Yorkshire Water is set to deliver its largest ever environmental investment between 2025 and 2030, with £8.3 billion to be spent across the region to improve services for customers and upgrade infrastructure.

For the second time in four months, Moody's Ratings has yet again downgraded Thames Water to Caa3 from Caa1, taking its Corporate Family Rating (CFR) further into junk territory – in September Moody’s downgraded it to Caa1 from Ba2, which is considered a junk rating.

Thames Water has today announced a proposed transaction to extend its liquidity runway which includes up to £3 billion of new money in addition to access to cash reserves and debt extensions. Under the terms of the transaction, Thames will have the opportunity to obtain up to £3 billion super senior funding.

Moody's Ratings has downgraded Thames Water again - the rating action follows Thames Water's announcement on 20 September 2024, that most of its liquidity would expire by December 2024, and accessing remaining liquidity will require creditor consent.

Anglian Water’s Chief Executive is warning that Ofwat’s decision on its AMP7 Business Plan, which left the company almost £750 million short, falls far short of the investment required for the next five years.

Fitch Ratings has downgraded Yorkshire Water Service Finance's and Yorkshire Water Finance plc's senior secured class A debt rating to 'A-' from 'A', and subordinated class B debt rating to 'BBB' from 'BBB+'.