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Southern Water Downgraded to Junk by Moody’s Amid Water Industry Challenges

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
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Global Crypto Market Surges to Record $3.2 Trillion on Regulatory Optimism

Key Takeaway: The global cryptocurrency market has hit a historic $3.2 trillion, fueled by optimism over US regulatory shifts following Donald Trump's election and pro-crypto lawmakers joining Congress.

The total market value of cryptocurrencies reached $3.2 trillion in Asia on Nov 14, surpassing previous highs from the 2021 pandemic-era surge, according to CoinGecko. This record milestone was driven by Bitcoin's rise to $93,480 and a renewed wave of interest in digital assets.

Bitcoin has doubled in value this year and gained 30% since the election, reaching $90,000. Other cryptocurrencies have also seen impressive gains, with Ether up 33% to $3,220, and Dogecoin, promoted by Trump-ally Elon Musk, surging 140%.

Investors are betting that a Trump presidency may lead to friendlier regulations for crypto, clearing uncertainties and sparking renewed interest across the asset class.

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