Moody's upgrades Southern Water's outlook to stable after $1.63 billion from Macquarie

From Yahoo Finance: 2025-07-03 09:43:00

Moody’s raised Southern Water’s outlook to stable after an equity lifeline from Macquarie and credit refinancing. The firm’s ‘Ba1’ rating was confirmed. Bonds saw a sharp increase after Macquarie’s consortium injected up to 1.2 billion pounds. Despite facing penalties and potential overruns, Moody’s believes the equity injection will help maintain Southern Water’s credit quality.



Read more at Yahoo Finance: Moody’s raises Southern Water’s outlook after Macquarie’s $1.63 billion boost