30.09.2016 18:46:00

Kelda Group Limited -- Moody's changes outlook to negative on Yorkshire Water, affirms Baa2 CFR

London, 30 September 2016 -- Moody's Investors Service (Moody's) has today affirmed the Baa2 corporate family rating of the fifth-largest UK water company, Yorkshire Water Services Limited (Yorkshire Water). The rating agency also affirmed the Baa1 senior secured and Ba1 subordinated debt ratings of the Class A and Class B notes issued by Yorkshire Water Services Bradford Finance Ltd, the Baa1 senior secured debt ratings of Yorkshire Water Services Finance Limited, and the Baa1 senior secured debt ratings of Yorkshire Water Services Odsal Finance Limited (all issuance guaranteed by Yorkshire Water) were also affirmed. At the same time, Moody's changed the outlook for the ratings to negative from stable.

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