Moody's Ratings downgrades Thames Water's CFR to Ba2, outlook negative
Moody's Ratings has today downgraded to Ba2 from Baa3 the long-term corporate family rating (CFR) of Thames Water Utilities Ltd.
Ofwat denies agreeing £150 million dividend payment by Thames Water
Ofwat has denied agreeing a £150 million dividend payment by Thames Water, according to a report on the BBC Radio 4 Today news programme this morning.
Fitch Ratings - UK water sector expenditure set to more than double in AMP8
The UK water sector's total expenditure (totex) is likely to more than double in the upcoming AMP8 2025-2030 regulatory period, according to Fitch Ratings latest UK Water - Relative Credit Analysis report released this morning.
S&P Global Ratings – Ofwat DPC private finance model offers UK water companies “good opportunity” to share risks
The new direct procurement for customers (DPC) framework introduced by U.K. water regulator Ofwat offers a good opportunity for U.K. water utilities to share risks with project companies, contractors, and customers, according to S&P Global Ratings.
Moody’s expects Ofwat AMP8 settlement for Thames will enable it to get future investment needed from shareholders
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.
World Bank warns $multi-bn annual spending shortfall leaves millions worldwide without access to safe water and sanitation
The World Bank is warning that the world is experiencing an annual spending shortfall of between US$131.4 TO $140.8 billion needed to achieve the UN’s Sustainable Development Goal (SDG) targets for universal access to safe water and sanitation.
Government to provide £11.5 million funding for 180 local projects to boost water quality
£11.5 million of government support funding will enable local projects across England to clean up lakes and rivers, protect communities from flooding and plant thousands of trees.
Ofwat rejects Financial Times report customers will pay “three times over” for Thames Tideway Tunnel
Water sector regulator Ofwat has rejected the suggestion in a recent article in the Financial Times that Thames Water customers will pay “three times over” for the costs of the Thames Tideway Tunnel.
Ofwat grants SES Water extension of time-limited consent to maintain single Issuer Credit Rating
Ofwat has agreed to Sutton and East Surrey Water’s (SES Water) request to extend a time-limited derogation granted by Ofwat on 25 May 2023 to maintain investment grade Issuer Credit Ratings with a single Credit Rating Agency rather than two.
Thames Water - Moodys warns “some contagion risk” resulting from holding company default
Moodys Investors Service is warning it “cannot fully exclude some contagion risk” resulting from the formal notices of default sent by Thames Water's holding company Kemble Water Finance Limited and its financing subsidiary Thames Water (Kemble) Finance PLC to the holders of their debt instruments, including the £400 million 4.625% senior secured notes due in May 2026.
News Showcase
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Sulzer launches global Water Treatment Center of Excellence for integrated water solutions
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner. -
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.
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Other Latest News
- Second round of public consultation on Grand Union Canal Transfer starts next week
- Ofwat publishes final Climate Change Principles for water companies
- Uisce Éireann launches procurement for €7bn+ euro Greater Dublin Drainage and Water Supply Project
- Anglian Water set to progress work on flagship strategic pipeline project next week
- Scottish Water set to start work on £6 million project to improve water quality
- House of Lords Committee to quiz Water Minister on drought preparedness in England
Watch
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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. -
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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