MONOLINE FALL-OUT
- From: Vol 9, Issue 2 (February 2008)
- Category: Need to know
- Region: Unspecified
- Country:
- Related Companies: Anglian Water, Kelda, Severn Trent, Thames Water and United Utilities
* Over the past month, it has been the turn of the monoline insurers to feel the pressure from the credit crunch. This has led to some interesting fall-out in the water sector.
In the UK, we are seeing bonds that were AAA rated because they were guaranteed by monoline insurers trading at a discount to those without credit support (see story p12).
* The difficulty of issuing any new debt at all in London is driving some UK utilities to look overseas for lenders. Kelda, Severn Trent and United Utilities are looking at ...
Subscription required
To read this full article you must be subscribed to Global Water Intelligence.
Subscribe Now, Sign up for a Free Trial or Log In
