BRIEF-S&P Says Thames Water Rating Raised To 'Ccc' From 'D' On Completed Debt Restructuring
ReutersFeb 27, 2025 7:36 PM
Feb 27 (Reuters) - S&P:
S&P: THAMES WATER RATING RAISED TO 'CCC' FROM 'D' ON COMPLETED DEBT RESTRUCTURING; OUTLOOK NEGATIVE
S&P: UPON COMPLETION OF THAMES WATER'S MATURITY EXTENSION, WE WOULD CONSIDER DEFAULT CURED
S&P: ANTICIPATE SECOND STAGE OF RESTRUCTURING PLAN WILL LIKELY RESULT IN WRITE-DOWNS OF CLASS A,CLASS B DEBT
S&P ON THAMES WATER: ANTICIPATE SIGNIFICANT CAPITAL STRUCTURE CHANGES IN NEXT 12-24 MONTHS
Further company coverage: KMWST.UL
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