UK Water Sector

All,

Following Ofwat’s decision last year to raise standards and lower bills (by £50 / household / year) from April 2020 onwards, some funds are working on the relevant financials of such IG giants as Thames Water, Kelda and Anglian Water what financial indigestion this may cause (death not likely). The thesis is that one or the other may drop into HY territory as a result. 

Do let us know if you are interested or perhaps have already done work in that direction.

Wolfgang