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Fitch: Anglian Water view to stable
Fitch Ratings said it affirmed Anglian Water Services Financing plc's senior secured ratings for its class A debt (both wrapped and unwrapped) at A and its class B debt at BBB+.
At the same time, the agency revised the outlooks on the class A and class B debt to stable from negative.
Fitch said the outlook revision reflects its expectation that the company will meet our net debt/regulatory asset value (RAV) guidelines for the rating given that the board has approved the company's business plan to reduce gearing to 80% by 2020.
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