Thames Water's Credit Rating Slashed to Junk, Raising Nationalization Concerns

Moody's downgrade exacerbates financial woes for UK's largest water provider, highlighting urgent need for new investment.

Moody's downgraded Thames Water's corporate family rating and senior secured debt to junk status.
The downgrade follows Ofwat's refusal to allow a significant price hike and concerns over Thames Water's liquidity.
Thames Water is now in breach of its license requirements, complicating its ability to raise funds.
Government intervention and potential nationalization are increasingly likely as the company struggles to meet debt obligations.
Thames Water continues to seek new equity funding to stabilize its finances and ensure operational continuity.