Debt

ZTE Gets Positive Outlook from Debt Ratings Agency

Cellular News Jul 3

Debt ratings agency, Fitch has assigned a Positive Outlook to ZTE's Long-term foreign and local currency Issuer Default Ratings (IDRs), and affirmed them at 'BB+'. Fitch said that the Positive Outlook reflects the company's increased revenue scale...

Rio Completes $15.2 Billion Share Sale to Cut Debt

Bloomberg Jul 3

(Update1) Rio Tinto Group, the world’s third- largest mining company, completed this year’s second biggest share sale, reducing the high level of debt that forced it to consider selling stakes in its most valuable assets.

Gamer Steals From Virtual World to Pay Real Debts

New York Times Jul 2

Facing real world debts, a trusted figure in a popular online game stole money from the virtual bank he ran and exchanged it for cash through the black market.

Treasury to Conduct Four Debt Auctions For First Time Next Week

Bloomberg Jul 2

The Treasury will hold four auctions next week for the first time to sell $73 billion of notes, bonds and inflation-protected securities as the U.S. accelerates debt sales to finance a record budget deficit.

China Q1 external debt falls to $336.72 billion

Commodity Online Jul 2

China s State Administration of Foreign Exchange (SAFE) said country s outstanding external debt reached $336.72 billion by the end of March down 10.13 percent from the end of last year.

Air India's debt balloons to 152 billion rupees

Flightglobal Jul 2

Ireland Sovereign Rating Gets Downgraded

Stock Market Analysis, Trading, And Financial Commentary - Rebel Traders Jul 2

Breaking News... Moody's cuts Ireland's sovereign rating by one notch to Aa1 from Aaa; Outlook Negative Rationale behind the downgrade stems from three key drivers of our credit analysis regarding debt: affordability, finance-ability and...

[$] Oaktree and DIC seek control of Almatis

Financial Times Jul 2

The US distressed debt investor has teamed with Dubai International Capital, the owner of Almatis, in a bid to secure control of the heavily indebted German aluminium company through a debt restructuring

[$] Moody's Downgrades Irish Government Debt

Wall Street Journal Jul 2

Moody's stripped Ireland of its coveted Aaa government bond ratings amid mounting worries about the country's public finances and the cost of the government's bailout of the banking system.

Fitch Downgrades Comerica Debt on Credit Costs

New York Times Jul 2

Fitch Ratings on Wednesday cut Comerica's investment-grade debt ratings, saying the bank's profitability is increasingly threatened by higher credit costs and the recession.

Zurich ups cash, cuts debt for AIG autos buy

Reuters Jul 2

* Zurich cuts debt part of deal as capital requirements down

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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.

Debt represents a promise or obligation to pay for something that has already been received, as a credit.

An example that will be understood by most people today is credit card debt. The credit card company pays for something, such as a shiny new PS3 console, allowing you to take it home without having paid for it yourself. In return, you assume an obligation to pay back the credit card company under the terms of your previously arranged agreement with that credit card company.

It is common for consumers, businesses and even governments to assume debt.

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Category: Definitions

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