Moody’s
Moody’s is a company that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
Moody’s downgrades AEGEA’s ratings to Ba2
Moody's downgraded AEGEA Corporate Family Rating (CFR) to Ba2 from Ba1 and Aegea Finance S.a r.l.'s ("Aegea Finance") senior unsecured rating to Ba3 from Ba2. The outlook on all ratings was changed to stable from negative. Governance considerations were relevant to this rating action, because Moody's views the company's accelerated growth strategy will have a prolonged […]
UK water sector outlook remains negative as price review leads to unprecedented number of appeals
Moody's outlook for the UK regulated water utility sector is negative. This outlook reflects the company's expectations for the fundamental business conditions in the sector over the next 12 to 18 months.
Moody’s confirms ratings of Anglian Water with negative outlook and downgrades Osprey
Moody's today confirmed the Baa1 corporate family rating (CFR) of Anglian Water, as well as the A3 senior secured and Baa3 subordinated debt ratings of the Class A and Class B notes issued by Anglian Water Services Financing plc. The outlook on the ratings is negative. Concurrently, Moody's has downgraded to B1 from Ba3 the senior […]
Moody’s: Drought and water-related stress will pose long term credit challenge for NSW, Australia
Drought and bushfire have materially disrupted economic output and increased budget pressure. Water-related stress will pose greatest risk to Greater Sydney over the longer term.
UK water industry could experience the largest deterioration in credit quality since privatisation
On 16 December, the Water Services Regulation Authority (Ofwat), the economic regulator for water companies in England and Wales, will publish its final determinations for the five-year period beginning April 2020. The determinations are likely to signal the largest deterioration in the industry's credit quality since the companies were privatised in the late 1980s. We […]
UK water & energy sector credit quality under pressure as regulators tighten screws
Revenues to fall as regulators cut utility companies’ allowed returns. Covenants enhance credit quality at some companies, but could cut off distributions to holding companies.
Access to water is an increasing challenge to mining companies across regions
Despite improved efficiencies, mining companies will face challenges in procuring water sources. Stricter environmental regulations will increase company costs tied with acquiring reliable water sources.
Moody’s confirms Canal de Isabel II’s Baa1 ratings; negative outlook
Moody's Investors Service has confirmed the Baa1 long-term issuer rating and the senior unsecured rating of Canal de Isabel II, S.A. (Canal). The outlook on the ratings is negative. This concludes the review for downgrade that was initiated on 13 December 2018. Ratings rationale The confirmation of Canal's ratings reflects the actions that have been taken […]