As Moody's downgrade Thames Water's rating to junk status, raising more money will be (at least) more expensive, and investors are unlikely to be flocking to help the water company.
Chaos beckons, which is likely to force OFWAT & the Govt.'s hand to initiate 'special measures' or forthright nationalisation to ensure water & sewage services can continue (and hopefully under new management, improve).
The interesting Q. is whether this will be the first domino in the sector?
#water
h/t FT
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-07-24 16:45:31
Author Public Key
npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-07-24 16:45:31Event JSON
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