Thames Water Hires Restructuring Expert to Restore Credit Rating
The beleaguered utility is racing to find at least £3.3 billion in equity before it runs out of money in May.
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Heavily indebted Thames Water Utilities Ltd. hired a restructuring expert to its board in a bid to avoid potentially hefty fines from the UK regulator and restore its credit rating.
Aidan de Brunner was appointed as an independent non-executive director to Thames on Sept. 1 as part of an agreement with watchdog Ofwat, according to a filing.