Meanwhile at Thames Water, creditors are engaged in a civil war over the restructuring plans of the largest firms, which the 'junior' creditors see as both attempting to sidestep OFWATs (albeit weak) regulatory scope & likely to make it harder to raise further capital in the future.
What are the views of OFWAT?
yup you guessed it, their feigning disinterest, claiming its up to TW to come up with a plan... if this is what regulation looks like, no wonder we're in trouble!
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