REG - Affinity Water Fin - Assignment of rating

S&P GlobalAnnouncement

03/03/2020 14:45

RNS Number : 8795E
  
Affinity Water Finance PLC
  
03 March 2020
  
 

 
AFFINITY WATER FINANCE PLC
 
£14.2 million of 3.625 per cent. Sterling Denominated Fixed Rate Bonds due 2022
£60 million of 2.699 per cent. Sterling Denominated Fixed Rate Bonds due 2033
£10 million of 1.024 per cent. Sterling Denominated Retail Price Index Linked Bonds due 2033
£250 million of 4.5 per cent. Sterling Denominated Fixed Rate Bonds due 2036
£85 million of 3.278 per cent. Sterling Denominated Fixed Rate Bonds due 2042
£60 million of 0.23 per cent. Sterling Denominated Consumer Price Index Linked Bonds due 2042
£190 million of 1.548 per cent. Sterling Denominated Retail Price Index Linked Bonds due 2045
issued by Affinity Water Finance PLC and guaranteed by Affinity Water Limited, Affinity Water Holdings Limited and Affinity Water Finance (2004) PLC
 
AFFINITY WATER FINANCE (2004) PLC
 
£250 million of 5.875 per cent. Guaranteed Notes due 2026
 
issued by Affinity Water Finance (2004) PLC and guaranteed by Affinity Water Limited, Affinity Water Holdings Limited and Affinity Water Finance PLC
 
AFFINITY WATER FINANCE PLC AND AFFINITY WATER FINANCE (2004) PLC - CREDIT RATING ASSIGNMENT
 
03 MARCH 2020
 
Affinity Water announces the assignment of a Fitch rating for the class A senior secured and the class B senior secured debt of BBB+ and BBB- respectively with a Stable Outlook. This rating is in addition to the current Moody's and S&P ratings and ensure Affinity Water have an additional investment grade rating going into AMP 7. 
  
The rating is for the senior secured debt of Affinity Water Finance PLC and Affinity Water (2004) PLC whose issuances are guaranteed by Affinity Water Limited with an Issuer Default Rating (IDR) of BBB- with a Stable Outlook.
 
 
ENDS
 
For further information, please contact:
Affinity Water Limited
Tamblin Way
Hatfield
Hertfordshire
AL10 9EZ
 
Telephone:        +44 7814 304970
Email:               colin.caldwell@affinitywater.co.uk
Attention:          Colin Caldwell, Company Secretary
 
This notice is given by:
 
Affinity Water Limited
This announcement is released by Affinity Water Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Substitution described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Tim Monod at Affinity Water Limited.  



ISINs:




XS0883690090




XS1722862080




XS1360548215




XS0883686650




XS1480879540




XS1722861439




XS0883688516




XS0195751523



 


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