A $2 Trillion Inflation-Linked Debt Headache Arrives
- Thames Water shows immediate inflation risk to some borrowers
- Floating-rate and inflation-tied debt boost company expenses
A maintenance engineer works at a Thames Water incident site in London, UK, on June 29.
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
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A normally boring corner of the UK investment market is wobbling, highlighting the potential trouble ahead for corporate debt exposed to inflation.