|
|
|
|
|
|
|
|
|
|
|
24.01.25 - 10:42
|
Thames Water credit rating slashed as administrators approached (The Guardian)
|
|
|
Moody's changes outlook on firm from stable to negative as financial plans 'do not provide attractive risk-return balance'Thames Water's debt has been downgraded as the struggling utility company seeks to secure £3bn in emergency funding to stave off collapse, after it emerged that the government has approached potential administrators.The rating agency Moody's downgraded the company's debt rating, and increased its view of the probability of default, changing its outlook on Thames Water from stable to negative. Continue reading......
|
|
|
|
|
14.11.24 - 11:42
|
Southern Water′s debt downgraded to junk status by Moody′s (The Guardian)
|
|
|
Company close to technical default on some of its debt, underlining UK industry's precarious stateBusiness live – latest updatesSouthern Water's debt has been downgraded to junk status by the credit rating agency Moody's in a decision that underlines the precarious state of the UK water industry.Moody's said Southern's “history of material operational and financial under-performance” could imperil its plan, announced last month, to borrow £4bn from investors. Continue reading......
|
|
|
|
|
|
|
29.09.24 - 10:48
|
Labour used water industry analysis to argue against nationalisation (The Guardian)
|
|
|
'Economically illiterate' Defra letter sent to anti-sewage groups cites 2018 report commissioned by water companies Labour used “economically illiterate” analysis paid for by water companies in order to argue against the nationalisation of the sector, the Guardian can reveal.In an official letter recently sent to anti-sewage groups, civil servants cited a paper by the Social Market Foundation as a reason to avoid nationalisation as part of its review of the sector. The report from 2018 was commissioned by United Utilities, Anglian Water, Severn Trent and South West Water. Continue reading......
|
|
|
|
|
|
|
|
|
|
|
|
|
24.07.24 - 17:48
|
Thames Water breaches licence as part of its debt downgraded to junk (The Guardian)
|
|
|
Move by ratings company Moody's puts Thames in breach its operating licence but Ofwat likely to hold off on large fineThames Water has breached its licence to supply water to nearly 16 million people after some of its debt was downgraded to junk status.The regulator Ofwat could now fine Thames, the country's largest water monopoly, up to 10% of its annual turnover, equating to hundreds of millions of pounds. However, since the company is already teetering close to temporary renationalisation, Ofwat is likely to hold off on any immediate large fines. Continue reading......
|
|
|
|
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
