Higher levels of company gearing are not a problem for the majority of the water sector, with Thames Water being “an outlier”, the chief executive of Severn Trent has said. Speaking on the back of the company’s interim results for the six months to 30 September, Liv Garfield described the bulk of private equity-backed water firms as ready to inject equity where required to fund the next asset management period (AMP8).
Garfield: Gearing is not a sector-wide problem
