Thames Water Utilities Ltd. -- Moody's: Risk of credit negative competition in UK water may have fallen after MPs say case for upstream reform not yet fully made out
London, 01 February 2013 -- Moody's said today that the risk of credit negative competition being introduced in the UK water sector may have fallen after a report by Members of Parliament (MPs) found that further analysis of the likely impact is needed before upstream reforms are introduced. According to the report, which welcomes government plans to increase competition in the sector, the case for upstream reform has not yet been fully made out. Given the potentially serious implications, the report published today by the House of Commons Environment, Food and Rural Affairs (EFRA) Committee in response to the Government's Draft Water Bill, says that further work is required to establish how upstream reform might be introduced in a way that will preserve investor confidence.
