Canadian export agency ‘hit by big losses after lending to Thames Water’
by Jasper Jolly from on (#6Q3KD)
State-backed body EDC has reportedly sold at deep discount two loans made to debt-ridden UK utility
Canada's state-backed export credit agency is reportedly nursing steep losses after lending debt-ridden Thames Water hundreds of millions of pounds.
The British utility, which has said it could run out of cash by next June, received two loans from Export Development Canada (EDC) in 2018 and 2019 at the behest of the Canadian pension fund Omers.
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