Rating agencies fire warning shot at Ofwat
- From: Vol 9, Issue 12 (December 2008)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Moody’s, Ofwat and Standard & Poor’s
The major rating agencies have published their views on competition in the UK water sector. It may make Ofwat think twice.
Moody’s and Standard and Poor’s have fired a warning shot at Ofwat on the subject of competition. Ever cognizant of the continued reliance of the UK water companies on the capital markets to fund their investment programmes, the agencies have released new research documents outlining their views on how competition could impact the credit quality of the regulated ...
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