Kemble urged lenders to take 'no creditor action' in order to 'provide a stable platform while all options are explored with all key stakeholders'.
Thames Water has seen its troubles worsen after its parent company told creditors it has defaulted on some of its debts.
On Friday, Kemble, which is entirely funded through dividends received from Thames Water, sent a formal notice of default to the holders of around £400 million of company bonds. Have you heard our new podcast Talking Politics? Every week Tom, Robert and Anushka dig into the biggest issues dominating the political agenda…
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Thames Water shareholders want bills to go higher as they hold back £500mThe future of Thames Water has been uncertain since fears emerged that it could collapse last June
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