Creditor considerations

The Kelda Group uses debt to part-finance its activities at both the operating company level (Yorkshire Water Services Limited) and holding company level (Kelda Group Ltd).

The Yorkshire Water Financing Group (YWFG) finances itself under a Whole Business Securitisation (WBS) programme with solid Class A investment grade ratings owing to strong creditor protections including an array of lock-ups and covenants.

The Kelda Finance Group (KFG) raises debt at the holding company level and is a secured structure with creditor protections in the form of financial covenants.

On this page you can find useful information for debt investors in both the YWFG and KFG, including ratings reports, maturity profiles and information on our YWFG WBS structure.