S & P downgrades Thames Water debt again - “We believe Thames Water is now facing an acute near-term liquidity shortfall”
S&P ratings agency has again cut the rating on Thames Water’s £16 billion of debt by five notches – further deepening the water company’s ongoing financial crisis.
Moody's Ratings downgrades Thames Water's CFR to Caa1, negative outlook
Moody's Ratings has downgraded Thames Water again - the rating action follows Thames Water's announcement on 20 September 2024, that most of its liquidity would expire by December 2024, and accessing remaining liquidity will require creditor consent.
Global investors warn Government over UK infrastructure investment prospects as Thames struggles to find funding in face of £16.5 billion debt
Global investors have warned the Government over the prospects of attracting major infrastructure investment in the UK’s regulated utilities sectors in the light of Thames Water’s ongoing financial crisis, according to a front page report in the Business& Money section of yesterday’s Sunday Times.
Private equity firm FFL Partners sells investment in Ovarro to Indicor LLC
Private equity firm FFL Partners announced that it has agreed to sell its investment in Ovarro, a leader in critical infrastructure technologies, to Indicor, LLC a leading diversified industrial company specializing in mission-critical technologies across various niche markets.
Wessex Water warns Ofwat Draft Determination puts its ability to retain and attract investment at risk
Wessex Water is warning that Ofwat’s Draft Determination (DD) on its AMP8 Business Plan puts its ability to retain and attract investment at risk.
Owners of Northumbrian Water admitted to Main Market of London Stock Exchange
Owner of Northumbrian Water Group CK Infrastructure Holdings Ltd has been admitted to the Main Market of the London Stock Exchange.
Export Development Canada incurs significant losses after lending as much as a billion Canadian dollars to Thames Water
Export Development Canada (EDC), Canada’s state-backed export credit agency has incurred significant losses after lending as much as a billion Canadian dollars to Thames Water.
Moody’s warns water firms in England and Wales could face £2 billion in penalties over next five years
Moody's Investors Service is warning that Ofwat’s Draft Determinations for the water companies in England and Wales AMP8 Business Plans increases the risk that sector returns may not be enough to attract the equity funding the companies need to support increasing investment.
S&P Global Ratings downgrades Thames Water again - “We do not believe Thames will have a remedy plan to cover liquidity needs for next 12 months before autumn 2024"
S&P Global Ratings has today yet again downgraded Thames Water credit ratings, saying: “In our view, Thames Water's liquidity has deteriorated to a less-than-adequate position as we forecast that the company will not be able to cover its financial needs by 1.1x over the 12 months from the end of June 2024.”
Moody's Ratings places Southern Water on review for credit ratings downgrade
Moody's Ratings has placed the Baa3 backed and underlying senior secured ratings of Southern Water (Finance) I PLC (Southern Water) on review for downgrade following the publication on 11 July of Ofwat's Draft Deternination on the company's AMP8 Business Plan - previously, the outlook was stable.
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
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Other Latest News
- Water company chiefs brief National Drought Group after severe drought declared in parts of England
- Coalition publishes landmark blueprint for Only Rainwater into Windermere
- Ofwat publishes annual Monitoring Financial Resilience report 2025/26 assessing financial resilience of water companies
- United Utilities awards £1.5 million AMP8 contract for leakage detection and repair for biogas facilities
- Affinity Water makes c£728,000 direct contract award for supply of No Dig Injection System and Solution
- Yorkshire Water tenders £multi million pound contract for MEICA Services framework
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.
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