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Following the latest affirmation, Fitch said it has simultaneously withdrawn all ratings.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.
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