S&P Global Ratings removes Southern Water debt rating from CreditWatch Negative; 'BBB-' Ratings Affirmed
aS&P Global Ratings has removed its CreditWatch negative on the 'BBB-' ratings on the debt issued by Southern Water (Finance) PLC, Southern Water’s financing vehicle, and assigned a negative outlook to the rating.
Fitch affirms United Utilities senior unsecured rating at 'A-'
Fitch Ratings has affirmed United Utilities Water Ltd's (UUW) and United Utilities Water Finance PLC's (UUWF) senior unsecured ratings at 'A -'.
Moody's downgrades Thames Water and warns Ofwat FD "does not provide attractive risk-return balance for existing or new investors"
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.
Pennon Group plc increases interim dividend payment despite loss due to parasitic outbreak
Pennon Group has increased its interim dividend payment despite incurring a significant loss following a parasitic outbreak earlier this year, according to its half year financial results to 30 September 2024.
Fitch Ratings says Ofwat Final Determination for AMP8 will be crucial for de-risking UK water sector
Fitch's UK Water lead analyst Yeshvir Singh, Senior Director at Fitch Ratings explains why Ofwat’s Final Determination (FD) for the AMP8 regulatory period April 2025 to March 2030 marks a key milestone for the assessment of the UK water sector’s regulatory framework.
Moody’s ratings agency - rising UK water sector risk leads to clutch of negative rating actions
Moody’s has announced a number of negative rating actions for a clutch of UK water companies, reflecting what the ratings agency describes as rising UK water sector risk and a deterioration in the sector's business risk profile.
Financial Times – S&P ratings downgrade sees Thames Water debt slide further into “junk” status
The Financial Times is reporting this morning that S&P has downgraded Thames Water's credit rating – tipping the UK’s largest water and sewerage company debt further into “junk“ status.
S & P downgrades Thames Water debt again - “We believe Thames Water is now facing an acute near-term liquidity shortfall”
S&P ratings agency has again cut the rating on Thames Water’s £16 billion of debt by five notches – further deepening the water company’s ongoing financial crisis.
Moody's Ratings downgrades Thames Water's CFR to Caa1, negative outlook
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.
Ofwat actions for Thames Water following investment credit rating downgrade include developing revised AMP8 Business Plan by 28 August
Ofwat has today confirmed the implementation of commitments from Thames Water, effective immediately, to remedy its licence breach in losing its investment grade credit ratings - including a commitment to further develop a revised AMP8 Business Plan for the period 1 April 2024 to 31 March 2030 by 28 August 2024.
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Pumps prove to be smooth operators for Anglian Water
“SAS (Surplus Activated Sludge) is a bit weird and can do odd things,” says Stuart Chatten, Lead Bioresources Technician at Whitlingham Water Recycling Centre (WRC), one of Anglian Water’s principal centres for processing sewage, serving a population of 400,000. -
Owen Mace takes over as Director of BPF Plastic Pipes Group
Owen Mace has taken over as Director of the British Plastics Federation (BPF) Plastic Pipes Group on the retirement of Caroline Ayres. He was previously Standards and Technical Manager for the group. -
Ledbury engineering firm strengthens senior team as demand for water process systems grows
PureTec Separations, the Ledbury-based water treatment engineering firm, has appointed Dan Norman as its new Sales Manager – Water Process Systems, supporting the company’s continued growth in the UK and international markets. -
BactoCloud platform for bNovate’s BactoSense instruments brings new understanding of water quality
bNovate has launched BactoCloud, a secure cloud-based platform that connects and manages its BactoSense instruments, enabling real-time monitoring and optimization of microbial water quality.
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Other Latest News
- United Utilities awards £582k AMP8 contract for supply, delivery & installation of biological treatment equipment
- UK Water Partnership releases white paper on river health and restoring public trust
- Gate three date in RAPID programme for Fens Reservoir to be delayed beyond 30 April 2026
- Southern Water tenders £6.5 million AMP8 contract for Energy Management and Optimisation System
- NI Water awards £7.2 million contract for potable and raw water, wastewater and trade effluent quality analysis to Northumbrian Water
- Tunbridge Wells – South East Water update sets out revised strategy, FAQs, further planned outage and support plan
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Scottish Water completes £235m investment in two-way connection between drinking water networks
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
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Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
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