Fitch changes Anglian Water view

Fitch Ratings said it revised the outlook on Anglian Water Services Financing plc’s senior secured class A and class B debt to negative from stable, while affirming their ratings at A and BBB+, respectively.

Fitch affirmed Osprey Acquisitions Ltd.’s long-term issuer default rating at BB with negative outlook.

“The revision of the outlook to negative follows Ofwat's draft determinations, which revealed a significant decrease in allowed totex versus Anglian Water Services Ltd.'s (AWS, the operating company) own business plan,” the agency said in a news release.

This change led Fitch to revise the outperformance assumptions downwards, the agency said.

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