Water companies appeal Ofwat decision

This is a news story, published by Guardian, that relates primarily to Moody’s news.

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regulatory scrutiny

Guardian

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Water firms ‘laying groundwork’ to appeal against Ofwat bill rise cap, says Moody’s

Summary

Nutrition label

85% Informative

Moody’s said in a report on the water industry that it expected the companies to take the water regulator's final ruling on bill rises to the competition watchdog for reconsideration if expectations for returns on investment did not improve.

Ofwat is due to make a final decision in December , although this could slip to January .

The outlook for the water sector remains negative, Moody's said in the report.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive