Fitch doubts UU’s contract wins
- From: Vol 6, Issue 5 (May 2005)
- Category: General
- Region: Europe
- Country:
- Related Companies: Barclays Capital, Dwr Cymru, Fitch, Southern Water and United Utilities
The rating agency wonders how a poor performer like United Utilities can win outsourcing contracts from better-run water companies.
The Fitch rating agency last month questioned how United Utilities could win outsourcing contracts from other UK water companies while it ranked in the lower half of the industry regulator’s efficiency table.
“It still baffles Fitch that United Utilities group has won water outsourcing contracts [Dwr Cymru, Southern Water, some Scottish PFIs] yet its own regulated water entity does ...
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