Thames Water secures support of A class creditors for Backstop Agreement on emergency funding
Thames Water has announced this morning that it has secured the backing of creditors who hold in excess of 75% of the water company’s Class A Debt – the creditors have entered into the Transaction Support Agreement (TSA).
Southern Water successfully secures £300 million of additional debt financing
Southern Water has successfully secured £300 million of additional debt financing following the completion of a bond issuance yesterday.
Thames Water – rival creditor groups seek agreement on recapitalisation plan
Rival creditor groups who own Thames Water debt are attempting to reach an agreement on a recapitalisation plan which would offer the water company a £1.5 billion lifeline, according to Sky News.
S&P Global Ratings downgrades Southern Water debt “on challenging financing conditions”
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.
Financial Times – S&P ratings downgrade sees Thames Water debt slide further into “junk” status
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.
International Investment Summit secures £63 billion of private investment and nearly 38,000 UK jobs
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.
Clean energy investment worth billions unlocked ahead of 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 warns again over Thames Water troubled financial situation
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
Southern Water’s finances are coming under pressure, according to a report by the Financial Times this morning.
Water Tech AI firm raises further funding to accelerate business expansion
FIDO AI Ltd – the software company helping to rapidly improve global water resilience using AI-led non-revenue water (NRW) reduction and curated water data insights - has announced that it has raised Series B funding required to further scale its business.
News Showcase
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Enpure Ltd and Clean TeQ Water Ltd in new collaboration for Moving Bed Ion Exchange-based nutrient removal
Enpure Ltd and Clean TeQ Water Ltd have announced a collaboration agreement to bring Clean TeQ Water's Moving Bed Ion Exchange-based nutrient removal technologies to water utilities across the UK. -
BactoSense ID cuts wastewater and bathing water bacteria testing from days to minutes
Near-real-time microbial monitoring of wastewater discharge and bathing waters is now possible thanks to the BactoSense ID solution created by Swiss-based bNovate Technologies. -
ABB launches digital platform for optimizing operation of water networks
ABB has launched AquaMaster+™, a digital platform for smart water network management, designed to help water utilities monitor, analyze and manage their water networks, preventing pipeline water losses and optimizing operations. -
Safe access solutions a key requirement for water sector and other Critical Infrastructure Providers
Craig Nienaber, Business Development Manager for Safe Access Solutions (SAS) at HUBER Technology, explores why the company is seeing a growing level of interest in its safe access solutions for critical infrastructure providers, including their application in wastewater treatment assets.
Expert Focus
News Sections
Other Latest News
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- Uisce Éireann submits planning application for €13m million upgrade to Castlerea Water Treatment Plant
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Watch
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Southern Water showcases last footage inside Yew Hill Reservoir before filling
Southern Water has released film and images showing what it’s like to walk inside Hampshire’s expanded Yew Hill underground reservoir for the very last time, before it gets filled with water. -
Scottish Water completes £235m investment in two-way connection between drinking water networks
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. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Top Stories
- British Water - 2026 Water & Wastewater Performance Survey says industry collaboration moving in right direction
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