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Bristol Water PLC (BWRA)

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Wednesday 11 March, 2020

Bristol Water PLC

Moody's Investors Service Credit Rating

RNS Number : 8012F
Bristol Water PLC
11 March 2020
 

BRISTOL WATER PLC

Moody's Investors Service Credit Rating Announcement

 

Moody's Investors Service (Moody's) has today downgraded to Baa2 from Baa1 the backed senior secured debt rating of Bristol Water plc (Bristol Water). Moody's has assigned a negative outlook to this revised Baa2 rating.

Bristol Water announced, on 13 February 2020, that it will not accept the final determination by the Water Services Regulation Authority (Ofwat) for the five-year regulatory period starting in April 2020 (AMP7). Consequently, Ofwat will refer the determination to the Competition and Markets Authority (CMA), which will set its own re-determination within the next six months, extendable to up to 12 months.

 

11 March 2020

For further information contact:

Helen Hancock, Company Secretary +44 (0) 117 934 1108/ +44 (0) 7976 731814

LEI number: 549300V0DVQGSADLDB82

 

 


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