World & BusinessThames Water creditors reportedly plan revised rescue to avoid temporary state control
Senior creditors are preparing to write off more debt and put more money into the utility, Bloomberg reports.
TLDR
Bloomberg reports that Thames Water’s senior creditors are preparing a renewed rescue effort involving additional debt write-offs and funding. Their aim is to avoid the UK government taking temporary control of the utility.
Thames Water creditors reportedly plan revised rescue to avoid temporary state control
Senior creditors are preparing to write off more debt and put more money into the utility, Bloomberg reports.
TLDR
Bloomberg reports that Thames Water’s senior creditors are preparing a renewed rescue effort involving additional debt write-offs and funding. Their aim is to avoid the UK government taking temporary control of the utility.