The group has a contractual relationship with both Moody's Investors Service (Moody's) and Standard & Poor's Ratings Services (S&P) for the provision of rating information.
Management of the group meets these agencies at least annually and shares with them the group's latest financial projections and business plan assumptions.
Senior unsecured debt obligations of the issuers are rated as follows:
| |
Moody's |
Standard & Poor's |
| United Utilities PLC |
Baa1/ P2 / stable |
BBB- / stable / A3 |
| United Utilities Water PLC |
A3 / P2 / stable |
BBB+ / stable / A2 |