Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
Moody’s Investors Service downgraded the rating on the bonds used to finance Gwynt y Môr OFTO plc’s transmission assets from Baa1 to Baa2 with a negative outlook, with the downgrade explicitly linked to the impact and severity of the 2023 cable failure on SSEC3 and a history of significant cable faults.