UK water firms face tough market for new debt after Thames crisis

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The story "UK water firms face tough market for new debt after Thames crisis" was covered 10 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 10h ago

UK water firms face tough market for new debt after Thames crisis - Financial Times

Quick Summary:

Over the summer Thames defaulted on its debt and the company has been trying to raise fresh equity, having warned it only has enough cash to survive until May.

Water companies’ debt has previously tended to be issued at a lower yield over gilts than the bonds of energy companies such as National Grid and SSE.

Prices of UK water company debt have been under pressure as the crisis at Thames, which serves 16mn customers in London and surrounding regions, has unfolded this year.