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OverviewAPI
Thames Water's parent company faces a potential financial crisis with a looming money shortage by April. Auditors warn of a lack of commitments to refinance a £190 million loan, and the company may breach an interest cover covenant on a separate £200 million loan. Shareholders are expected to inject further equity, but the business remains fragile with high debt gearing. The company's valuation has been written down by £1.5 billion, indicating significant losses for shareholders.

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