Credit FAQ: Thames Water: Possible Rating Trajectories - S&P Global Ratings’ Credit Research

Credit FAQ: Thames Water: Possible Rating Trajectories

Credit FAQ: Thames Water: Possible Rating Trajectories - S&P Global Ratings’ Credit Research
Credit FAQ: Thames Water: Possible Rating Trajectories
Published May 31, 2024
6 pages (2777 words) — Published May 31, 2024
Price US$ 375.00  |  Buy this Report Now

About This Report

  
Abstract:

This report does not constitute a rating action. In April 2024, we lowered our ratings on Thames Water?s class A and B debt after the utility's shareholders delayed a £500 million equity injection. The delay was due to the shareholders deeming the company's business plan for the next regulatory period "uninvestable", based on their understanding of the regulatory arrangements set to apply to Thames Water from 2025 to 2030. See " Thames Water Class A And B Debt Ratings Lowered On Delayed Shareholder Support; Outlook Negative ," published April 4, 2024. In this article, S&P Global Ratings answers frequently asked questions from investors about the possible trajectory that the ratings on Thames Water's debt could take in various scenarios. We

  
Brief Excerpt:

...May 31, 2024 This report does not constitute a rating action. In April 2024, we lowered our ratings on Thames Water's class A and B debt after the utility's shareholders delayed a ú500 million equity injection. The delay was due to the shareholders deeming the company's business plan for the next regulatory period "uninvestable", based on their understanding of the regulatory arrangements set to apply to Thames Water from 2025 to 2030. See "Thames Water Class A And B Debt Ratings Lowered On Delayed Shareholder Support; Outlook Negative," published April 4, 2024. In this article, S&P Global Ratings answers frequently asked questions from investors about the possible trajectory that the ratings on Thames Water's debt could take in various scenarios....

  
Report Type:

Commentary

Ticker
1615Z@LN
Issuer
Thames Water Utilities Finance PLC
Sector
Global Issuers
Country
United Kingdom
Region
Latin America
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Credit FAQ: Thames Water: Possible Rating Trajectories" May 31, 2024. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Credit-FAQ-Thames-Water-Possible-Rating-Trajectories-3188942>
  
APA:
S&P Global Ratings’ Credit Research. (). Credit FAQ: Thames Water: Possible Rating Trajectories May 31, 2024. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Credit-FAQ-Thames-Water-Possible-Rating-Trajectories-3188942>
  
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