INFRASTRUCTURE AND PROJECT FINANCE ISSUER PROFILE 22 November 2017 TABLE OF CONTENTS Company overview 1 Business description 2 Management strategy 4 Financial highlights 5 Capital structure and debt maturity 7 Company management 8 Ownership structure 9 Subsidiaries 10 Peer group 10 Related websites and information
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 11 September 2017 Update RATINGS United Utilities Water Limited Domicile United Kingdom Long Term Rating A3 Type LT Issuer Rating Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Stefanie Voelz 44-2
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