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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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Taiwan Central Bank Sees Peril in Trump Tariffs



Key Takeaway: Taiwan's central bank warns of risks to Taiwan's economy from the aggressive trade policies proposed by US President-elect Donald Trump.

Taiwan’s central bank cautioned on Wednesday about the potential economic impact of Trump’s incoming administration, as proposed tariffs could escalate global trade conflicts and hinder competition in the tech industry.

In a report to parliament, the central bank emphasized that Trump’s 60% tariff on Chinese imports could significantly impact China, Taiwan’s largest trading partner, and thereby threaten Taiwan’s export momentum. The bank also highlighted risks from Trump’s suggested 10% universal tariff on all US imports.

Trump, who takes office in January, previously criticized Taiwan’s trade practices and suggested the island should pay for US military protection. The US ran a $48 billion trade deficit with Taiwan last year, with Taiwan serving as a major semiconductor supplier to companies like Apple and Nvidia.

The central bank pledged to monitor US policy changes closely and adjust Taiwan’s inflation and economic outlook as necessary. Taiwan Vice Premier Cheng Li-chun will lead a working group on trade and technology cooperation with the new US government.

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