Ratings agency Fitch has said it will no longer provide ratings or analytical coverage for Northumbrian Water Limited as the issuer has chosen to stop participating in the ratings process for commercial reasons.
The ratings agency has affirmed Northumbrian Water Limited's Long-term Issuer Default Rating (IB) at 'BBB+' with a Stable Outlook, senior unsecured rating at 'A-' and Short-term IDR at 'F2'. It has also affirmed Northumbrian Water Finance plc's bonds, which benefit from a guarantee from NWL, at 'A'.
Following the latest affirmation, Fitch said it has simultaneously withdrawn all ratings. No rating sensitivities were applicable due to the ratings withdrawal.
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react.
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.