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South East Water warns of risks to water supply as funds dry up

South East Water warns of risks to water supply as funds dry up

South East Water has warned of "material uncertainty" over its survival due to financial difficulties after a year of losses, outages, and regulatory fines. The company serves 2.4 million customers in southern England and has enough funds to last until July 2027 but will need new loans soon, with discussions ongoing. Despite increased revenue, it reported widened losses and faces rising finance costs, with concerns about its credit rating downgraded to junk status.

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