Moody’s upgrades UK banking outlook as lenders weather falling interest rates Banking Credit rating agency Moody's has upgraded its outlook for the UK banking system to "stable" from "negative", expecting lenders' balance sheets to stay resilient to falling interest rates.
UK water firms could face £2bn in fines over next five years, Moody’s warns Energy UK water companies could be hit with a total of roughly £2bn in fines over the next five years, Moody's has estimated, warning that more demanding proposals from the industry regulator increase risk in the sector.
Thames Water handed more special measures from Ofwat after credit rating downgrade Water Thames Water will be made to appoint an independent monitor and develop a “suitable” turnaround plan as part of a raft of new measures from the regulator after the its credit rating was downgraded. Ofwat said that the recent decisions from Moody’s and S&P – two of the world’s largest credit ratings agencies – to [...]
Moody’s slaps Thames Water’s debt with ‘junk’ rating July 24, 2024 Moody’s Ratings has lowered Thames Water’s highest tranche of debt to 'junk' in another blow to the struggling water firm.
TfL gets vote of confidence from Moody’s as passenger numbers drive recovery July 16, 2024 Moody's said the upgrade reflected a "significant improvement" in Transport for London's operating performance.
Why airport expansions fuelled by booming travel demand could be a double-edged sword July 15, 2024 In a report, the ratings agency Moody's said rising passenger numbers would drive "significant investment" in expansion projects.
The Very Group: Moody’s changes outlook on online retailer owned by billionaire Barclay family April 12, 2024 Moody's has changed its outlook on The Very Group from stable to negative despite it securing major investment and named a new chief executive.