S&P Downgrades Thames Water Utilities to CCC- on Debt Plans
S&P cut Thames Water Utilities by one notch on Tuesday, saying its plans to extend debt maturities and increase borrowing under a super senior facility reflected a distressed financial position.
Global ratings agency S&P downgraded Thames Water Utilities by one notch to 'CCC-' on Tuesday, saying the UK water supplier's plans to extend debt maturities and increase borrowing under a super senior facility reflected a distressed financial position.