In an industry first, South West Water (SWW) will soon be sharing £20 million with customers after outperforming its last business plan.

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.

Severn Trent Plc will have earned at least £163 million across AMP6 in net customer ODI outperformance payments according to its latest update for the period to 31 March 2020 published today.

United Utilities is continuing to deliver a strong financial and operational performance, according to its latest set of half year financial results for the period ended 30^th September 2019 published this morning. 

Ofwat’s latest reports on water companies’ service, delivery and financial performance over 2017-18 show that customer satisfaction has risen but sector performance deteriorated with a number of failures on performance commitments, including leakage, water quality and water supply interruptions.

Moody’s ratings agency is warning that the water sector regulator’s proposals are threatening to undermine the stability and predictability of the regime.

Severn Trent is planning to invest an extra £100 million to improve its water business performance in preparation for AMP7, according the preliminary announcement of its annual results published this morning.

Moody's ratings agency has changed the outlook on the ratings of four UK-based regulated water companies and one high-yield holding company to negative.

South West Water is sharing its success with customers after performing better than expected in the first year of its AMP6 2015-20 business plan.

Thames Water’s Customer Challenge Group has described the water company as “relatively silent” on the role that innovation of all sorts plays in delivering against its commitments and called on Thames to take a more overt approach to describing what is being done.