Moody’s raises the southern water expectations after Macquarie batch of $ 1.63 billion

(Reuters) -On Thursday, MOOODY’s MOODY’s Agency raised the expectations of a stable review of a review to reduce the classification, after the British water utility got a Macquarie stock lifeline in Australia and credit financing to avoid the debt crisis.

Moody’s has also confirmed the South Hater Water in “Ba1”.

The company’s bonds rose on Thursday, adding to the sharp jump they saw after a union led by Macquarie Asset Management agreed to inject up to 1.2 billion pounds ($ 1.64 billion) in southern water on Tuesday.

Moody’s said in a report that while the tool faces the facing performance sanctions from the water regulator in Britain and the potential costs, the injection of stocks provides southern water with enough interim store to maintain credit quality.

($ 1 = 0.7331 pounds)

(Participated in the reports of Yamini Kalia in Bangaluru and Mark Jones in London; editing Shrea Bisas))