UK water companies weather the storm
- From: Vol 9, Issue 10 (October 2008)
- Category: General
- Region: Unspecified
- Country:
- Related Companies: Merrill Lynch, Ofwat and Pennon/South West Water
The fact that UK water companies are so well funded means the banking crisis may to a large extent pass them by. It could even work to their advantage at the next periodic review.
Somewhat perversely, the collapse of confidence in the global banking system is not causing the UK water industry undue concern over near-term funding, given that all the companies have already raised most of the finance they will require over the next two years. It has, however, heightened fears among UK water companies over the security of their cash deposits – which ...
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