Mon, Feb 09, 2026
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Finance and Risk

DEFRA STEVE REED 2On a visit to Cambridge last week to discuss the region’s urgent water needs, Environment Secretary Steve Reed highlighted how water sector investment is set to unlock growth in the East of England.

HAVANT THICKET RESERVOIR REPRESENTATIONEnvironment Secretary Steve Reed is highlighting the Havant Thicket reservoir as a prime example of how £104 billion in private sector investment into water—the largest since privatisation—is driving forward major infrastructure projects and creating over 30,000 jobs across the country.

Royal Courts of Justice 1The Appeal Court has this morning started a three day hearing of an appeal against the High Court decision to allow Thames Water’s restructuring plan which would see it receive an emergency £3 billion loan from its Class A creditors.

THAMES WATER HQS & P Global Ratings has raised Thames Water’s rating to 'CCC' from 'D' on completed debt restructuring following the High Court of Justice of England and Wales' sanction on 18 February of its restructuring plan.

FITCH RATINGS LOGO 360 X 126Fitch Ratings says it sees moderately higher business risk in AMP8, mainly driven by heightened exposure to environmental risk, increasing public scrutiny, and higher clawback risk, which is linked to the price control deliverables (PCDs) mechanism.

THAMES WATER HQMoody's Ratings has downgraded Thames Water Utilities Ltd.'s (Thames Water) Probability of Default (PDR) rating to D-PD from Ca-PD - the rating action coincides with the effective date of Thames Water's restructuring plan announced by the company on 21 February 2025.

Morlais-Landfall-SubstationWelsh Government backing has been given to what will become the largest consented tidal energy project in Europe and taken an £8 million equity stake.

UNITED UTILITIES LOGOFitch Ratings has affirmed United Utilities Water Ltd's (UUW) and United Utilities Water Finance PLC's (UUWF) senior unsecured ratings at 'A -'.

PENNON GROUP LOGO 1Owner of South West Water Pennon Group has formally announced the launch of its fully underwritten rights issue to raise £490 million as part of a comprehensive financing package.

WELSH GOVERNMENT LOGOAn additional £16 million has been announced by the Welsh Government to tackle issues that threaten Wales’ water quality.

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