South East Water given credit ratings downgrade by S & P Global Ratings
South East Water received a credit rating downgrade last Friday from one of its two ratings agencies, S&P Global Ratings; earlier this year the water company’s credit rating was downgraded to sub-investment grade by Moody’s on 28 May 2026.
Widespread news reports suggest Thames Water to be put into Special Administration Regime – and creditors to mount legal challenge in response
Widespread news reports in the press and online media during the course of last week, over the weekend and today are suggesting that if Andy Burnham, who will shortly be appointed as the UK’s new prime minister, moves to nationalise Thames Water, the creditors will launch a legal challenge.
Environment Secretary raises Government doubt over proposed Thames Water rescue package
Environment Secretary Emma Reynolds has written to Ofwat flagging up Government concerns about the proposed Thames Water rescue package put forward by the company’s creditors, according to a number of reports in the UK press this morning.
New CCW report examines how customers understand and experience financial information published by water companies
A new report commissioned by CCW released today provides timely and much-needed evidence on how customers understand and experience financial information published by water companies.
Thames Water confirms pledge of £3.4 billion of new equity in improved rescue bid by creditors
Thames Water CEO Chris Weston has issued a detailed announcement via the London Stock Exchange in response to recent press speculation about the terms of the London & Valley Water (L&VW) consortium's proposal for the turnaround, transformation and recapitalisation of Thames Water.
Average household water bills set to rise 5.4% a year from April to £639
Household water bills in England and Wales will rise by an average of 5.4% - around £33 a year, or approximately £2.70 per month - from April, reflecting significant investment in upgrading water infrastructure.
Thames Water issues fifth Consent Requests to access further funding from £1.5 billion facility
Thames Water has issued its fifth consent requests for Super Senior Issuer Funding from the initial £1.5 billion available under its super senior liquidity facility - Thames Water Utilities Ltd has so far drawn £872 million of the facility.
Yorkshire Water joins forces with Talk Money Week to offer bill support to customers
Yorkshire Water colleagues are attending events in Hull, Doncaster, and York this week, in hopes of reaching customers who might benefit from the utility’s bill support offerings.
Thames Water Class A creditors submit “detailed and improved proposal” to Ofwat to stave off company’s collapse
Thames Water investors have today submitted a new plan to Ofwat to stave off the company’s collapse – the proposal from the London & Valley Water (L&VW) consortium aims to deliver £5.4 billion of committed funding to Thames Water.
Thames Water to seek further drawing of £157 million in July 2025 from emergency £1.5 billion loan
Thames Water has announced it is seeking a further drawing of £157 million in July 2025 from the initial £1.5 billion loan available under the group's liquidity facility.
News Showcase
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ABB launches digital platform for optimizing operation of water networks
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations. -
Safe access solutions a key requirement for water sector and other Critical Infrastructure Providers
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets. -
Albion Water appoints new Director of Business Development
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development. -
Webinar to explore moving indirect potable water reuse to full implementation
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
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Other Latest News
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- Anglian Water starts work on £1.4 million Buckinghamshire investment to strengthen water network
- Galliford Try appointed to £110 million River Mease improvement project
- United Utilities commits over £100 million in response to Fleetwood sewage spill incident in 2023
- Scottish Water starts work on £8.6 million sewer upgrade
Watch
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Southern Water showcases last footage inside Yew Hill Reservoir before filling
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water. -
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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