Thames Water creditors examine cash injection to avoid nationalisation

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The story "Thames Water creditors examine cash injection to avoid nationalisation" was covered 14 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 14h ago

Thames Water creditors examine cash injection to avoid nationalisation - Financial Times

Quick Summary:

Any restructuring they propose would also need to help Thames Water regain its investment-grade credit rating, which it lost in July, putting it in breach of its licence conditions.

The last has built one of the biggest positions in Thames’s debt in recent weeks, according to two bondholders, after buying its top-ranking debt at a discount.

On top of these bonds and loans at the regulated utility, debt at parent company Kemble takes the overall group’s debt pile to £18.7bn.