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Affinity Water Fin (19LP)

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Tuesday 03 March, 2020

Affinity Water Fin

Assignment of rating

RNS Number : 8795E
Affinity Water Finance PLC
03 March 2020
 

 

AFFINITY WATER FINANCE PLC

 

£14.2 million of 3.625 per cent. Sterling Denominated Fixed Rate Bonds due 2022

£60 million of 2.699 per cent. Sterling Denominated Fixed Rate Bonds due 2033

£10 million of 1.024 per cent. Sterling Denominated Retail Price Index Linked Bonds due 2033

£250 million of 4.5 per cent. Sterling Denominated Fixed Rate Bonds due 2036

£85 million of 3.278 per cent. Sterling Denominated Fixed Rate Bonds due 2042

£60 million of 0.23 per cent. Sterling Denominated Consumer Price Index Linked Bonds due 2042

£190 million of 1.548 per cent. Sterling Denominated Retail Price Index Linked Bonds due 2045

issued by Affinity Water Finance PLC and guaranteed by Affinity Water Limited, Affinity Water Holdings Limited and Affinity Water Finance (2004) PLC

 

AFFINITY WATER FINANCE (2004) PLC

 

£250 million of 5.875 per cent. Guaranteed Notes due 2026

 

issued by Affinity Water Finance (2004) PLC and guaranteed by Affinity Water Limited, Affinity Water Holdings Limited and Affinity Water Finance PLC

 

AFFINITY WATER FINANCE PLC AND AFFINITY WATER FINANCE (2004) PLC - CREDIT RATING ASSIGNMENT

 

03 MARCH 2020

 

Affinity Water announces the assignment of a Fitch rating for the class A senior secured and the class B senior secured debt of BBB+ and BBB- respectively with a Stable Outlook. This rating is in addition to the current Moody's and S&P ratings and ensure Affinity Water have an additional investment grade rating going into AMP 7.

 

The rating is for the senior secured debt of Affinity Water Finance PLC and Affinity Water (2004) PLC whose issuances are guaranteed by Affinity Water Limited with an Issuer Default Rating (IDR) of BBB- with a Stable Outlook.

 

 

ENDS

 

For further information, please contact:

Affinity Water Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

 

Telephone:   +44 7814 304970

Email:  [email protected]

Attention:   Colin Caldwell, Company Secretary

 

This notice is given by:

 

Affinity Water Limited

This announcement is released by Affinity Water Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the Substitution described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Tim Monod at Affinity Water Limited. 

ISINs:

XS0883690090

XS1722862080

XS1360548215

XS0883686650

XS1480879540

XS1722861439

XS0883688516

XS0195751523

 


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