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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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Indonesia's Indosat, GoTo Launch Local-Language AI Model


Takeaway: Indosat Ooredoo Hutchison and GoTo Gojek Tokopedia have launched Sahabat-AI, a large language model ecosystem supporting Indonesian and local languages.

Indonesia’s telecommunications giant Indosat Ooredoo Hutchison and leading tech firm GoTo Gojek Tokopedia (GOTO.JK) unveiled Sahabat-AI, a large language model designed to support AI-driven services and applications in Bahasa Indonesia and various local languages. The model aims to deliver enhanced understanding of local context and cultural nuances, the companies announced.

Supported by AI Singapore and India’s Tech Mahindra, Sahabat-AI leverages Nvidia AI Enterprise software, including Nvidia NeMo, for training and optimizing language comprehension. Several universities and media organizations will also contribute to improving local contextualization, they added.

In its initial phase, Sahabat-AI will feature eight-billion and nine-billion parameter models using Nvidia’s full-stack AI platform. The launch highlights Indonesia’s growing AI industry appeal, with companies like Microsoft planning to build data centers in the region.

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