Induction and ABS are separate faults. Water common to both. Water in sensors, aquaplaning etc COULD cause ABS to get confused. Water in induction or sensors can cause limp mode. ABS and traction control lights both take signals from wheel rotation usually wheel too slow ABS and too fast traction control. ABS sensors are tempermental, you try to check them and they tend to break, so try not to touch them but have a general look around all four wheel hubs to make sure nothing obvious , bare wires loose plugs lots or corrosion. If you find anything then you will have to change out any damaged part. Check the induction for leaks especially around the air filter housing as the can be easily damaged and split same with pipe work, also check air mass flow sensor as they do not last forever. Have the car scanned to see if there are any other faults and clear existing after fixing the issue. Good time to check for electrical issues before winter, many are one offs unfortunately some require repair or replacement.