Key Takeaway: Moody's downgraded Southern Water to junk status , citing financial and operational underperformance, compounding the broader issues facing the UK water sector. Southern Water Ltd’s credit rating was downgraded to junk by Moody’s , with a warning of potential further cuts due to its weak performance history and financial challenges. This downgrade impacts the company’s ability to raise the £4 billion in new debt and £650 million in equity required for its capital plans. The UK water industry is facing heightened scrutiny due to concerns over chronic leaks, sewage spills, and high-interest rates. Southern Water, which supplies over two million people in England, could face severe penalties from the regulator Ofwat , which may limit funds for essential upgrades. Following the downgrade, Southern Water’s 2026 bonds dropped 2.7 pence to around 85 pence on the pound. Despite the rating cut, Southern Water assured customers that services would continue unaffected, hig
CREDIT HISTORY
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If you have missed making payments, you are not considered responsible enough when it comes to handling money. In other words you are a higher risk than your neighbor with a great credit score.
Having a higher credit score is considered by insurance underwriters a sign of stability and responsibility. Obviously the higher the risk your insurance company considers you to be, the higher the insurance premium.
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However, others may argue that regardless of your financial status you can still live within your means, pay your bills in time and maintain a good credit score and reap the benefits that come to those with good acceptable credit scores.
A importance of a good credit score in today's world cannot be underestimated. Having a good credit history will save you money not only on your car loans and home mortgage but also on your insurance premiums.
While some may be of the opinion that using credit scores to determine insurance premiums may discriminate against those who are in the lower economic group because they tend to usually get themselves in financial trouble and probably have a lower credit score.
However, others may argue that regardless of your financial status you can still live within your means, pay your bills in time and maintain a good credit score and reap the benefits that come to those with good acceptable credit scores.
A importance of a good credit score in today's world cannot be underestimated. Having a good credit history will save you money not only on your car loans and home mortgage but also on your insurance premiums.
When companies do a credit check on you, they are given not only a score number but also details of your credit history. If you have missed payments on your credit cards then it would show up on your credit report. If you have defaulted on a loan payment, your credit history will show this.
If you have missed making payments, you are not considered responsible enough when it comes to handling money. In other words you are a higher risk than your neighbor with a great credit score.
Having a higher credit score is considered by insurance underwriters a sign of stability and responsibility. Obviously the higher the risk your insurance company considers you to be, the higher the insurance premium.
While some may be of the opinion that using credit scores to determine insurance premiums may discriminate against those who are in the lower economic group because they tend to usually get themselves in financial trouble and probably have a lower credit score.
However, others may argue that regardless of your financial status you can still live within your means, pay your bills in time and maintain a good credit score and reap the benefits that come to those with good acceptable credit scores.
A importance of a good credit score in today's world cannot be underestimated. Having a good credit history will save you money not only on your car loans and home mortgage but also on your insurance premiums.
While some may be of the opinion that using credit scores to determine insurance premiums may discriminate against those who are in the lower economic group because they tend to usually get themselves in financial trouble and probably have a lower credit score.
However, others may argue that regardless of your financial status you can still live within your means, pay your bills in time and maintain a good credit score and reap the benefits that come to those with good acceptable credit scores.
A importance of a good credit score in today's world cannot be underestimated. Having a good credit history will save you money not only on your car loans and home mortgage but also on your insurance premiums.
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