Southern Water has secured an offer of a equity support package totalling up to £1.2 billion from Macquarie, comprising an initial binding £655 million with up to a further £545 million intended to be committed by December 2025.

For the second time in four months, Moody's Ratings has yet again downgraded Thames Water to Caa3 from Caa1, taking its Corporate Family Rating (CFR) further into junk territory – in September Moody’s downgraded it to Caa1 from Ba2, which is considered a junk rating.

Fitch's UK Water lead analyst Yeshvir Singh, Senior Director at Fitch Ratings explains why Ofwat’s Final Determination (FD) for the AMP8 regulatory period April 2025 to March 2030 marks a key milestone for the assessment of the UK water sector’s regulatory framework.

BlackRock, Inc. and Global Infrastructure Partners, a leading independent infrastructure fund manager, have today jointly announced that they have entered into an agreement for BlackRock to acquire will acquire 100% of the business and assets of GIP for a total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock worth about $9.5 billion at Thursday’s close.

.

Thames Water has published a detailed analysis of risk and analysis warning Ofwat that its AMP8 business plan is simply not financeable without allowing an increased rate of return for investors to raise the financial capital needed.

S&P Global Ratings says that proposed bill increases set out in AMP8 business plans "stand in stark contrast" to the previous two price control periods AMP 6 and 7 when the focus was on customer bill reduction.

Southern Water has this morning welcomed an announcement that funds managed by Macquarie Asset Management have agreed to invest an additional £550 million of equity into the Southern Water group.

Shareholders have agreed to provide Thames Water a further £750 million of equity funding in the remainder of the 2020-25 AMP7 investment period, subject to the satisfaction of certain conditions.

Fitch Ratings has downgraded the financing company of Southern Water Services Ltd senior secured class A rating to 'BBB' from 'BBB+' and is maintaining the Negative Outlook.

Ofwat is tightening up its guidance on dividend payments – the water sector regulator has told the water companies they should consider withholding or restricting dividends where there are significant service failures to be addressed or there is a risk of regulatory fines, penalties or a need to take remedial actions.