business / economy
6 hours ago

Thames Water Faces Collapse Amid Debt Crisis and Government Intervention

Thames Water Faces Collapse Amid Debt Crisis and Government Intervention
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7 Highlights
  • Thames Water faces possible collapse with £15 billion debt.
  • UK considers nationalizing Thames Water to manage debt crisis.
  • Moody's downgrades Thames Water's credit outlook to negative.
  • Thames seeks £3 billion to avoid bankruptcy before court decision.
  • Government prepares special administration to maintain water supply.
  • Public anger rises due to Thames Water's sewage discharge issues.
  • Thames fined £18.2m for unjust dividends amid financial struggles.
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