Rating Agency Reports

All Rating Agency Reports listed below are published in PDF format for portability, you will require Adobe’s Acrobat Reader to open these files.

2012 Reports

Moody's Ratings Report - 21 March 2012

Fitch Ratings Report - 21 March 2012

Dwr Cymru Credit Update Report - 11 January 2012

2011 Reports

Moodys Rating Report - 13 September 2011

Standards & Poor's Rating Review - 27 June 2011

Standards & Poor's Rating Outlook - 14 June 2011

Fitch's Rating Report - 16 May 2011

Fitch's Rating Report - 23 March 2011

2010 Reports

Standard & Poor’s Rating Report - 18 October 2010

Moody’s Credit Opinion - 23 Sept 2010

Moody’s Credit Analysis - 15 June 2010

Moody’s: Proposed repayment of Welsh Water’s Class C Notes
has no rating impact - 26 March 2010

S&P Credit Opinion - 24 March 2010

Moody’s Credit Opinion - 18 March 2010

Moody’s Affirms Welsh Water’s A3 Rating - 17 March 2010

S&P assigns negative outlook to DCFL debt Ratings - 08 March 2010

Moody’s - In-sourcing of operations has no rating impact - 11 February 2010

2009 Reports

Moody’s Credit Opinion - 25 September 2009

Standard & Poor’s Rating Report - 4 March 2009

2008 Reports

Moody’s Credit Opinion - 11 September 2008

Standard & Poor's rating report - 12 August 2008

2007 Reports

Standard & Poor’s Rating Report - 18 December 2007

Moody’s Credit Opinion - 24 September 2007

Standard & Poor’s Rating Report - Summary

Moody’s Investors Service Announcement

Standard & Poor’s Rating Report

2006 Reports

Standard & Poor’s Corporate Credit Rating

Fitch Revises Ratings for UK Water Securitisations

2005 Reports

Standards and Poors Rating Services Report on Glas Cymru Nov 2005

Fitch affirms Dŵr Cymru (Financing) bonds on repurchases

Standards and Poors Rating Services report on Glas Cymru Feb 2005