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Thames Water's Last Chance
Published 1 week, 2 days ago
Description
A creditor group holding about £17 billion of Thames Water's roughly £20 billion debt named Lord John Hutton as chair-designate on October 20. The episode examines the £10 billion rescue plan with a writedown of about £9.6 billion, the lenders' vote on October 29, the need for Ofwat approval, and special administration as the fallback.