Moody's Ratings has downgraded Thames Water Utilities Ltd.'s (Thames Water) Probability of Default (PDR) rating to D-PD from Ca-PD - the rating action coincides with the effective date of Thames Water's restructuring plan announced by the company on 21 February 2025.

Fitch Ratings has downgraded Southern Water (Finance) PLC (SWF) senior secured class A debt rating to 'BBB-' from 'BBB' and placed it on Rating Watch Negative (RWN) – SWF is the financing company of Southern Water Services Ltd (SWS).

Ofwat has today published a series of commitments that Thames Water will agree to comply with after it lost two investment grade credit ratings; the company breached its licence following the credit rating downgrades by Moody’s on 24 July and S&P on 31 July.

Moody's Ratings has today downgraded to Ba2 from Baa3 the long-term corporate family rating (CFR) of Thames Water Utilities Ltd. 

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.

Fitch Ratings has downgraded Thames Water’s holding company Kemble Water Finance Limited's (Kemble) Long-Term Issuer Default Rating (IDR) to 'B' from 'B+' and senior secured debt rating to 'B' from 'B+'. The Outlook on the IDR is Negative.

United Utilities intends to seek shareholder support at its AGM in July 2022 for the introduction of a new climate change measure in its long-term incentive plan that aligns with its previously announced carbon pledges.

Water sector regulator Ofwat has today announced that it has modified the licences of 16 of the 17 water companies in England and Wales, who have accepted new ring-fencing provisions.

Moody's ratings agency has today downgraded to Baa2 from Baa1 the backed senior secured debt rating of Bristol Water plc - the outlook is negative.

Two-thirds (67%) of UK corporates will be disclosing climate-related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust.