Thames Water’s request for a debt repayment extension highlights the severe financial instability of the UK’s largest water utility, threatening its long-term viability and service reliability.
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Troubled utility lobbies for deadline on part of the debt to be extended to March 2028Thames Water has asked its creditors for more time to pay back billions of pounds in debt, as the water company scrambles to keep itself afloat.The UK’s largest water company said it had proposed an “interim” deal under which the deadline to pay off an unspecified portion of the £20bn of debt on its balance sheet would be extended from 2027 to March 2028. Continue reading...
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