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Debt crisis warning amid threats of UK water industry nationalization

The Telegraph ·

MCO Moody's Corp
$481.05 +1.20%
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  1. 1Moody's warned that government nationalization plans risk triggering new cash shortages in the water industry.
  2. 2Thames Water is attempting to borrow an additional 2.4 billion pounds from creditors who have already lent 3 billion pounds.
  3. 3Andy Burnham described the privatized water sector as a new monument where shareholders lose and the public does not win.

So what's the key point?

Warnings have emerged that the UK government's plan to nationalize the water industry could lead to money shortages. Creditors are concerned as Thames Water seeks to borrow an additional 2.4 billion pounds.

Source The Telegraph · View original ↗

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