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UTILITIES: UK Water: S&P Rating Actions

UTILITIES

The silver lining is this gives weight to the water companies’ argument that Ofwat needs to adjust in their favour at the final determination.

  • GLCCUK, SUTTON, AFFNTY, SWELTD CreditWatch negative.
  • UU, SSWTR outlook negative.
  • Some are at risk of two-notch downgrades.
  • S&P sees challengs for the AMP8 regulatory period due to totex cuts from submitted business plans, lower-than-requested bill increases, low allowed returns on capital and an unbalanced ODI regime.
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The silver lining is this gives weight to the water companies’ argument that Ofwat needs to adjust in their favour at the final determination.

  • GLCCUK, SUTTON, AFFNTY, SWELTD CreditWatch negative.
  • UU, SSWTR outlook negative.
  • Some are at risk of two-notch downgrades.
  • S&P sees challengs for the AMP8 regulatory period due to totex cuts from submitted business plans, lower-than-requested bill increases, low allowed returns on capital and an unbalanced ODI regime.