Thames Water Lenders Face 40% Losses If It’s Nationalized

==========

Lenders to Thames Water could face losses of up to 40% if the UK government nationalizes the water utility. The highly indebted company, which supplies a quarter of people in England, is in crisis after its parent company Kemble Water Holdings refused to inject more money into the business. Thames Water postponed a key update to its business plan, originally scheduled for Friday, and is required to submit its plan to the regulator under a five-yearly price review process. Internal government planning has considered the possibility of nationalization, with some bondholders facing losses of 35% to 40% and the majority facing smaller losses of 5% to 10%. The government has sought to play down the chances of nationalization and wants Thames Water to resolve its financial difficulties without taxpayer support.

#ThamesWater #Nationalization #UkGovernment #Lenders #Debt

https://finance.yahoo.com/news/thames-water-lenders-face-40-220212245.html