Thames Water: Credit Rating
Commons · Question 109451 · Tabled 28 Jan 2026 · Department for Environment, Food and Rural Affairs · Official record
Answered 4 Feb 2026
Question
Asked by Charlie Maynard
To ask the Secretary of State for Environment, Food and Rural Affairs, whether she has had recent discussions with (a) Ofwat and (b) Thames Water on the potential merits of issuing penalties to Thames Water for alleged breaches of its license agreement in
Answer
Answered by Emma Hardy, 4 Feb 2026
The enforcement of licence conditions is a matter for Ofwat as the independent economic regulator. To remedy its licence breach in losing its investment grade credit ratings in 2024, Ofwat has confirmed it accepted an enforcement undertaking from Thames W...