Business
ST Plc and STW - Credit Rating Downgrade
ST Plc and STW - Credit Rating Downgrade.
About this update from Severn Trent Plc
[{"type":"text","content":"\n \nRNS Number : 6755C Severn Trent PLC 11 February 2020 \n\nSevern Trent Plc and Severn Trent Water Limited - Credit Rating Downgrade \n \nSevern Trent notes the decision of Moody's Investor Services (\"Moody's\") to downgrade Severn Trent's long-term credit ratings by one notch. The ratings remain investment grade and are in line with the assumptions in the Severn Trent Water Limited (\"Severn Trent Water\") business plan for the regulatory period 2020-2025. Ofwat's Final Determination in relation to this period was accepted by Severn Trent Water on 28 January 2020. \n \nMoody's have downgraded the issuer rating of Severn Trent Water to Baa1 from A3 as well as the senior unsecured debt ratings of Severn Trent Utilities Finance Plc, whose issuance is guaranteed by Severn Trent Water. Concurrently, the rating agency downgraded the issuer rating of Severn Trent Plc to Baa2 from Baa, as well as the senior unsecured debt ratings of Severn Trent Plc. The P-2 short-term ratings have been affirmed. All ratings have a stable outlook.\n \n \n \nEnquiries\nInvestors & Analysts\n\n\n\n\nRichard Eadie\n\n\nSevern Trent Plc\n\n\n+44 (0) 7889 806578\n\n\n\n\nHead of Investor Relations\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nRachel Martin\n\n\nSevern Trent Plc\n\n\n+44 (0) 7824 624011\n\n\n\n\nInvestor Relations Manager\n\n\n \n\n\n \n\n\n\n\n \nMedia\n\n\n\n\nPress Office\n\n\nSevern Trent Plc\n\n\n+44 (0) 247 771 5640\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nJonathan Sibun\n\n\nTulchan Communications\n\n\n+44 (0) 207 353 4200\n \n\n\n\n\n \n \nCautionary statement regarding forward-looking statements\n \nThis document contains statements that are, or may be deemed to be, 'forward-looking statements' with respect to Severn Trent's financial condition, results of operations and business and certain of Severn Trent's plans and objectives with respect to these items.\n \nForward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words as 'anticipates', 'aims', 'due', 'could', 'may', 'will', 'would', 'should', 'expects', 'believes', 'intends', 'plans', 'projects', 'potential', 'reasonably possible', 'targets', 'goal', 'estimates' or words with a similar meaning, and...