Thames Water faces increased financial pressure following a downgrade of its debt by S&P and Moody’s due to looming liquidity concerns. The company, previously expected to have enough funds until May, now faces a potential cash crunch by December and in the event that creditors refuse to release reserves, Thames Water could default.

In an article examining these new woes for Thames Water, Tim Whittaker, Research Director at EDHEC Infrastructure & Private Assets Research Institute, commented:

““Management should have told the bondholders the full story months ago,” said Tim Whittaker, a research director at the EDHEC Infrastructure Institute. “This is going to make it harder to get a resolution without government-enforced administration as investors will have a hard time trusting management now.””

Read the full coverage here.

Read our research paper, “Low Tide: What the Data Showed About Thames Water”, here.