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
