Yorkshire Water: Ratings impact of strategic changes to its financing documents
Centrus supported Yorkshire Water in analysing the ratings impact of launching consent requests to make strategic changes to their financing documentation required to facilitate a restructuring of their index-linked swap portfolio.
By demonstrating the impact of the proposed changes through quantification and sensitivity analysis and how these impacted the methodologies and policies of the various agencies Centrus brought significant insight and experience to the project. Our relationships with the senior teams at the agencies were also invaluable in ensuring that the Company’s intentions were correctly interpreted by the agencies.
The role involved undertaking both rating assessment and confirmation services.