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Rating agency reports

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Glas Bond Credit Ratings

* All with Stable outlook

* *The Class A bonds are guaranteed by Assured Guaranty (Europe) PLC (A2/AA/NR) and revert to the higher of the guarantor's ratings or underlying bond rating.

Fitch Credit Opinion - December 2021

409.5kB, PDF

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Moody's Credit Opinion - November 2021

2.5MB, PDF

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2021

Fitch Affirms Dwr Cymrus Ratings - November 2021

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3.8MB, PDF

Moodys Announcement of Periodic Review - July 2021

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111.3kB, PDF

S&P Rating Report Dwr Cymru Financing UK Plc - March 2021

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853.4kB, PDF

Dwr Cymru Moodys Issuer Comment STID proposal - 2 March 2021

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1.4MB, PDF

Fitch Affirms Dwr Cymrus Senior Secured Debt at A Stable Outlook - February 2021

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181.1kB, PDF

2020

Fitch Ratings reports - January 2020

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99.4kB, PDF

Moodys Rating Action February 2020

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120kB, PDF

SP ratings action February 2020

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136.8kB, PDF

Moodys Periodic Review - July 2020

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117.9kB, PDF

Moodys Credit Opinion - September 2020

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1.6MB, PDF

2019

Fitch Ratings Reports - July 2019

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670kB, PDF

Fitch Ratings Reports - June 2019

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111.3kB, PDF

Moodys Announcement of Periodic Review - August 2019

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111.8kB, PDF

Moodys Credit Opinion December 2019

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1.5MB, PDF

Moodys Credit Opinion October 2019

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1.5MB, PDF

SP Credit Update - June 2019

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120.6kB, PDF

2018

Moodys Credit Opinion September 2018

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1.4MB, PDF

SP Ratings Analysis June 2018

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287.2kB, PDF

2017

Fitch Ratings Report -October 2017

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47.4kB, PDF

Moodys Credit Opinion - September 2017

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1.5MB, PDF

Moodys Issuer Comment - April 2017

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1.2MB, PDF

SP Ratings Analysis - July 2017

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420.6kB, PDF

2016

2016 FEB Dwr Cymru Financing Ltd Fitch CU

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513.6kB, PDF

2016 NOV Welsh Water Moodys CO published

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1.9MB, PDF

2016 SEP - Fitch RA

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46.4kB, PDF

2016Feb24 - Welsh WaterMoodys

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132.6kB, PDF

2015

2015 DEC - Fitch RA Dwr_Cymru_Dec_2015

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41.8kB, PDF

2015 FEB Moodys Research Document

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118.5kB, PDF

2015 JUN Moodys Welsh Water IssuerInDepth published version

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1.8MB, PDF

2015 MAR Moodys Welsh Water published CO

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136.2kB, PDF

2015 SEP SP CU RatingsDirectAnalysis1446605Sep

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364.1kB, PDF

2014

2014 DEC Moodys Credit opinion Welsh Water

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132.8kB, PDF

2014 JUL Fitch Dwr Cymru CU published 31072014

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448.8kB, PDF

2014 JUL Fitch Dwr Cymru Press Release Published 17072014

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43.6kB, PDF

Standard and Poors update 1 September 2014

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305.5kB, PDF

2013

Dwr Cymru Credit Opinion 20130812

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146.2kB, PDF

Dwr Cymru Update Report 26 03 2013

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374.4kB, PDF

Dwr Cymru_RAC_published_22072013

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38.4kB, PDF

DwrCymruFinancingLimitedPressRelease14032013

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33.7kB, PDF

Standard and Poors Transaction Update 23 August 2013

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316kB, PDF

2012

Dwr Cymru Credit Update 26092012

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320.2kB, PDF

Dwr Cymru Credit Update Report 11012012

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139.5kB, PDF

Dwr Cymru_Credit Opinion_22 Aug 2012

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88kB, PDF

Dwr Cymru_Issuer CommentProject Dafydd_19 June 2012

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45kB, PDF

Dwr Cymrus press release 21032012

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37.4kB, PDF

Moodys Credit Focus ComparisonWelsh SouthernOct 2012

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663.5kB, PDF

Moodys press release 210312

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51.3kB, PDF

RatingsDirect_Analysis_1002263_08_20_2012_09_20_04

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323.4kB, PDF

UK Water Industry Outlook_Oct 2012

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1.1MB, PDF

2011

Dwr Cymru Press Released Published 23032011

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37.3kB, PDF

Dwr Cymru Rating Report Published16052011

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639.3kB, PDF

Dwr Cymru_Credit Opinion_20110913

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81.4kB, PDF

Full SP Rating Review issued 270611

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482.7kB, PDF

SP Revise Rating Outlook to Stable 140611

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435.8kB, PDF

2010

Dwr_Cymru_Analysis_15_Jun_2010

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696.3kB, PDF

Dwr_Cymru_Credit_Opinion_23_Sept_2010

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83.1kB, PDF

Dwr_Cymru_FA_24_Mar_2010

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451.4kB, PDF

Dwr_Cymru_Issuer_Comment_Class_C_Tender_Offer_25_May_2010

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43.9kB, PDF

Dwr_Cymru_Issuer_Comment_In-source_Operations_11_Feb_2010

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42.6kB, PDF

Dwr_Cymru_Moodys_CO_18_Mar_2010

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86.9kB, PDF

Dwr_Cymru_Moodys_PR_17_Mar_2010

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47.5kB, PDF

Dwr_Cymru_SP_negative_outlook_08_Mar_2010

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435.4kB, PDF

DwrCymruFinancingLtdSummary18Oct2010

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433.3kB, PDF

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