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Thatcher-Era Water Minister Blames Regulation for Thames Crisis
Source: Bloomberg
Regulation & LegislationCredit & Bond MarketsCompany FundamentalsInfrastructure & Defense
The Conservative minister who initiated the privatization of England and Wales's water industry said he did not foresee companies such as Thames Water becoming so heavily indebted. He attributed the sector's current crisis to regulatory failures, underscoring risks around utility leverage, oversight and financial sustainability.
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