Thames Water Rescue Nears: Creditors Stare at 30% Loss on £16bn Deal

The financial future of Thames Water is entering a critical phase. The UK largest water utility is closing in on a £16bn rescue deal, a plan designed to keep taps running and avoid a collapse that could shake the wider economy. Yet this rescue comes with a heavy price. Creditors are bracing for losses of around 30 percent, a level that has raised alarm across bond markets and among long term investors.