Bristol Water PLC Moody's Investors Service Credit Rating (8012F)
11 Marzo 2020 - 6:59AM
UK Regulatory
TIDMBWRA
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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END
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