Moody's Investors Service says it expects Thames Water to get an AMP8 decision from water sector regulator Ofwat which will enable it to secure the future investment it needs from shareholders.
Ofwat has allowed Portsmouth Water to maintain one Issuer Credit Rating with a single credit ratings agency rather than two – only 10 days after the water company requested the change and less than three months after the licence requirement for two came into effect.
S&P Global Ratings has lowered its credit ratings on Northumbrian Water Limited (NWL) and parent holding company, Northumbrian Water Group Ltd. (NWG) to 'BBB' from 'BBB+', due to pressure on NWL's operating and financing costs due to rising inflation and heavier than anticipated capital expenditure (capex).
Fitch Ratings agency is warning that the UK water sector remains under pressure – factors that continue to weigh on the ratings include uncertainty around the Competition and Markets Authority appeals, operational delivery on total expenditure (totex) and outcome delivery incentives (ODIs) and pandemic-related bad debts.
Fitch Ratings has downgraded the credit ratings of Thames Water’s holding company Kemble Water Finance Ltd and revised its Issuer Default Rating to Negative, reflecting pressure on Kemble's and Thames Water’s financial profiles as a result of Ofwat’s challenging Final Determination on the company’s AMP7 business plan.
Moody's ratings agency has affirmed the Baa3 senior secured debt ratings of Southern Water Services (Finance) Ltd, whose issuance is guaranteed by Southern Water. The rating outlook is stable.
Fitch Ratings has downgraded Anglian Water Services Financing Plc's senior secured class A debt rating to 'A-' from 'A' and removed it from the Rating Watch Negative (RWN).
Fitch Ratings agency has has downgraded Wessex Water to 'BBB' from 'BBB+' and holding company Wessex Water Ltd's (WWL) Long-Term Rating to 'BBB-' from 'BBB' – the outlook is stable.
Moody's ratings agency has today downgraded to Baa2 from Baa1 the backed senior secured debt rating of Bristol Water plc - the outlook is negative.
Ratings agencies Moody’s and S & P Global Ratings have downgraded Welsh Water's credit outlook – the rating actions follow Welsh Water's announcement on 31 January 2020 that it will not ask Ofwat to refer its final determination to the Competition and Markets Authority.
HUBER Technology are sponsoring and exhibiting at the Water Equipment Show, The International Centre, Telford 16 May 2024.
HUBER Technology will be exhibiting at the Utility Live at the NEC Birmingham 21 – 22 May 2024 - Stand H22
Manufacturer of variable frequency drive (VFD) technology Invertek Drives Ltd has celebrated producing its three millionth VFD - just three years after the two-million milestone, demonstrating rapidly growing demand for its energy-saving solutions.
Future Water Association, a leading organisation driving transformation within the water sector, has announced the recipients of its esteemed awards, recognising the outstanding people contributing to the industry.