Finance and Investment
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 finances under pressure – utility seeks c£4bn funding from investors
- Water Tech AI firm raises further funding to accelerate business expansion
- Directors of Thames Water Utilities Holdings Ltd assess fair value of subsidiary company Thames Water as nil
- S & P downgrades Thames Water debt again - “We believe Thames Water is now facing an acute near-term liquidity shortfall”
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Expert Focus
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Thames Water starts work on £20 million pipe upgrade in Islington February 13, 2024
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