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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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TikTok Pledges Cooperation with Malaysian Authorities to Tackle Cyberbullying and Scams


Key Takeaway: TikTok has committed to working with Malaysian agencies, including MCMC and Bank Negara, to address cyberbullying and online scams on its platform.

Prime Minister Datuk Seri Anwar Ibrahim announced that TikTok will collaborate with Malaysia's Ministry of Communications, MCMC, and Bank Negara Malaysia to combat cyberbullying, scams, and defamation on the platform. This assurance came following a meeting between Anwar and TikTok CEO Shou Zi Chew.

During the meeting, Anwar discussed plans to implement a regulatory framework for social media licensing starting Jan 1, 2025. TikTok confirmed its commitment to these initiatives and pledged continued investment in Malaysia. Additionally, TikTok expressed support for Malaysia’s role as ASEAN Chair in 2025.

Anwar’s visit to Peru includes his participation in the 31st APEC Economic Leaders' Meeting, aiming to enhance Malaysia-Peru relations.

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