S&P Cuts Thames Water Rating to CCC- on Debt Restructuring Plans
S&P downgraded Thames Water Utilities by one notch to CCC-, citing plans to extend debt maturities and increase borrowing under a super senior facility as evidence of a distressed financial position.
Global ratings agency S&P downgraded Thames Water Utilities by a 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.Here are some details