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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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Malaysia Takes Lead on Climate Action at COP29, Setting the Stage for a Sustainable ASEAN Future

Key Takeaway: As ASEAN chair for 2025, Malaysia commits to net-zero greenhouse gas emissions by 2050 and aims to position itself as a hub for green investment.

Malaysia’s role at COP29 is pivotal in setting a strong climate agenda as it prepares to lead ASEAN next year. Malaysia has pledged to reach net-zero emissions by 2050 and is showcasing climate action milestones at its “Shift for Sustainability: Climate Action Now!” pavilion, demonstrating the country’s dedication to sustainability, inclusivity, and green innovation.

With a 250-member delegation led by Natural Resources and Environment Sustainability Minister Nik Nazmi Nik Ahmad, Malaysia is focused on seven key areas: finance and economy, trade and industry, natural resources, energy, technology and innovation, sustainable development, and youth adaptation. These strategic clusters support ASEAN’s 2025 vision of inclusivity and sustainability and align with Malaysia’s green growth strategy, which has attracted RM10 billion in green investments and created over 5,500 green jobs since 2010 through the Green Technology Financial Scheme (GTFS).

Malaysia is also calling for enhanced cooperation among ASEAN members to drive sustainable development, environmental protection, and social equity.

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