DailyMail Reports on Thames Credit Rating Downgrades and Their Impact on Money Markets
Thames Faces Credit Rating Downgrades
DailyMail reports that Thames has suffered two additional credit rating downgrades. The latest ratings place the company at CCC+, categorizing it among the most precarious 'junk' ratings. This troubling development raises alarms over its liquidity.
Implications for Money Markets
As Thames continues to struggle, Moody's has expressed grave concerns about the company's liquidity. Without access to reserves, analysts predict that Thames could face severe financial challenges by December. This situation poses broader implications for money markets, raising questions about investor confidence and potential ripple effects.
Key Takeaways:
- Credit Rating Downgrades: Thames now holds a CCC+ rating.
- Liquidity Issues: Without action, liquidity could run dry.
- Market Impact: Potential instability in money markets ahead.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.