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Moody's expects more suppliers to fail in UK retail energy sector

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By Reuters
Moody's expects more supply failures in UK retail energy sector
Moody's expects more supply failures in UK retail energy sector   -   Copyright  Thomson Reuters 2021

– Britain’s retail energy sector will see more failures from suppliers due to a sharp rise in wholesale energy prices, rating agency Moody’s said on Wednesday.

The sector faces pressures on profitability and an increased risk of credit negative political intervention, the agency added.

(This story corrects headline to “suppliers” from “supply”)