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Moody's trims Thames Water (Kemble)
Moody's Investors Service said it downgraded to B2 from B1 the backed senior secured rating of the £400 million of medium-term notes due 2026, issued by Thames Water (Kemble) Finance plc.
The downgrade follows a decision by Kemble’s regulator on March 20 concerning the financial resilience of Kemble’s core operating subsidiary Thames Water Utilities Ltd., the agency said.
The outlook remains negative.
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