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...Thames Water’s parent company has told its bondholders that it has defaulted on its debt, firing the starting gun on a potentially messy restructuring at the owner of Britain’s largest water utility....
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...Macquarie, the former owner of Thames Water criticised for loading the utility with debt, is a lender to its stricken parent company....
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...cent and 146 per cent respectively over the past three years....
...The regulator is expected to rule in the coming weeks on whether Thames Water breached its licence conditions by paying a £37.5mn dividend to its parent company in October....
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