REG - Thames Wtr Util. Ltd Thames Wtr.Utltes. Thames Wtr (Kemble) - Moody's Credit Rating Announcement

Moody'sAnnouncement

25/03/2020 14:25

RNS Number : 5892H
  
Thames Water Utilities Limited
  
25 March 2020
  
 

 
 
THAMES WATER UTILITIES LIMITED
THAMES WATER UTILITIES FINANCE PLC
THAMES WATER (KEMBLE) FINANCE PLC
 
MOODY'S CREDIT RATING ANNOUNCEMENT
 
 
Moody's Rating Action
On 24 March 2020 Moody's Investors Service (Moody's) issued the following ratings actions:
·    Thames Water Utilities Limited - Corporate Family Rating downgraded by one notch from Baa1 (review for downgrade) to Baa2 (stable outlook);
·    Thames Water Utilities Finance plc - senior secured (Class A) debt downgraded by one notch from A3 (review for downgrade) to Baa1 (stable outlook);
·    Thames Water Utilities Finance plc - subordinated (Class B) debt downgraded by one notch from Baa3 (review for downgrade) to Ba1 (stable outlook);
·    Thames Water (Kemble) Finance plc - senior secured rating confirmed as B1 and moved from review for downgrade to stable outlook.
These rating actions conclude Moody's ratings review which was initiated on 20 December 2019, following the publication of Ofwat's Final Determination for the forthcoming five-year regulatory period (AMP7), commencing on 1 April 2020.
The full Moody's report is available to subscribers at: www.moodys.com
 
ENDS
 
 
 
Investor Contact
 
Tom Bolton                                                       07747 643 762
tom.bolton@thameswater.co.uk
 
 
Media Contact
 
Stuart White                                                      020 3577 4364
stuart.white@thameswater.co.uk
 
 


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