Emeritus Prof Christopher May on Nostr: So Thames Water has been allowed buy the Court to access the rescue loan organised by ...
So Thames Water has been allowed buy the Court to access the rescue loan organised by its largest creditors.... but that loan is at a stinging 9.75% interest rate.
Now, knowing as we do that interest is the cost of risk, we can see two things; the loan is structured with a high(er) risk of non-repayment than your mortgage....
and, while TW staying in the private sector it can still be drained of cash by its (so-called) investors.
#water #sewage #ThamesWater
h/t FT
Published at
2025-02-18 16:06:00Event JSON
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