Southern Water has successfully secured £300 million of additional debt financing following the completion of a bond issuance yesterday.
Rival creditor groups who own Thames Water debt are attempting to reach an agreement on a recapitalisation plan which would offer the water company a £1.5 billion lifeline, according to Sky News.
S&P Global Ratings has downgraded Southern Water’s debt to BBB- “on challenging financing conditions” - the rating remains on CreditWatch with negative implications, where they were placed on 23rd August 2024.
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.
Nearly 38,000 UK jobs are set to be created across the UK after a total of £63 billion of investment was announced around yesterday’s International Investment Summit.
Thousands of jobs in green industries have been announced as the UK Government welcomes more than £24 billion of private investment for pioneering energy projects ahead of the International Investment Summit on 14th October.
Moody's Ratings is once again warning over its concerns about Thames Water's troubled financial situation, following its announcement on 26 September that it was downgrading the water company’s credit rating to Caa1 negative – effectively junk bond status.
Southern Water’s finances are coming under pressure, according to a report by the Financial Times this morning.
FIDO AI Ltd – the software company helping to rapidly improve global water resilience using AI-led non-revenue water (NRW) reduction and curated water data insights - has announced that it has raised Series B funding required to further scale its business.
The Directors of Thames Water Utilities Holdings Ltd (TWUH) have assessed the fair value of Thames Water as nil, according to Thames Water Utilities Holdings Ltd's Annual Financial Statements for the year ended 31 March 2024 published this morning.
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.
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, 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.
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.