|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||63.58 - 64.77|
|52 Week Range||38.44 - 66.75|
|Beta (5Y Monthly)||0.60|
|PE Ratio (TTM)||11.66|
|Forward Dividend & Yield||1.63 (2.57%)|
|Ex-Dividend Date||Sep 28, 2020|
|1y Target Est||78.09|
ITOCY vs. TSCO: Which Stock Is the Better Value Option?
The Lycra Company and Itochu Corp. launch fibers made from 100 percent textile waste.
Rating Action: Moody's changes Bristol Water's outlook to stable; affirms ratingGlobal Credit Research - 30 Mar 2021London, 30 March 2021 -- Moody's Investors Service (Moody's) has today changed the outlook for Bristol Water plc (Bristol Water) to stable from negative and affirmed the Baa2 backed senior secured debt rating.This rating action follows the publication, on 17 March 2021, of the summary final determination by the Competition and Markets Authority (CMA). In February 2020, Bristol Water, along with three of its larger peers, rejected the December 2019 settlement by the economic regulator for water and wastewater companies in England and Wales, the Water Services Regulation Authority or Ofwat, for the five-year regulatory period that began in April 2020 (AMP7). The redetermination by the CMA, the highest appeals body for regulatory settlements in the UK, supersedes the previous determination from Ofwat and applies to the full five-year period but the cumulative cash benefit will now flow through the last three financial years of AMP7.RATINGS RATIONALEToday's rating action reflects the CMA's redetermination, which includes (1) an allowed wholesale return of 3.3% (deflated by the Consumer Prices Index adjusted for housing costs, or CPIH) for Bristol Water (including a 30 bps small company adjustment to the cost of debt allowance); and (2) an overall wholesale expenditure allowance of GBP432 million, broadly in line with the company's revised business plan following representations to Ofwat's draft determination.