Thames Water Creditors Near Deal; Hyderabad Water Board Debunks Reservoir Claim

• Thames Water’s senior creditors are nearing a deal with rivals to avoid a court challenge.
• Bondholders plan to give a portion of equity to junior creditors to facilitate the utility takeover.
• The Hyderabad Water Board has declared a message about reservoirs running dry by November as false.
• The deal aims to smooth the path for the takeover of the utility company.
• The false message about reservoirs was flagged by the Hyderabad Water Board.