Grant Carson’s Post

Interesting. Evidence that flies in the face of the current media narrative in Scotland.

Thames Water, a vital player in Britain's privatized water sector, faces turbulent times following the default on the £400 million bond of its parent company, Kemble Water Finance. The implications are far-reaching, with stakeholders bracing for losses and reduced equity values. Navigating regulatory hurdles and urgent infrastructure needs adds complexity to Thames Water's financial strategy. Despite these challenges, the company is exploring options to secure financing and ensure stability, including debt restructuring and strategic alternatives. With a £15.6 billion debt burden and Kemble's bonds trading at a distressing 15% of their face value, Thames Water is at a critical juncture. However, with £2.4 billion in cash reserves and access to overdrafts, operational liquidity is secured until 2025. #thameswater #financialchallenges #kemblewaterfinance #infrastructureinvestment #stakeholderresilience Source: FT

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