Thames Water seeks creditor extension on £20bn debt as liquidity tightens

Thames Water, the UK's largest water utility, has proposed extending the maturity on part of its £20bn debt from 2027 to March 2028, signaling acute liquidity pressure. The move follows years of financial strain and regulatory scrutiny, and underscores the risk of a major UK utility default. Creditor response is uncertain; a failure could trigger restructuring or government intervention.

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