BTEL is currently negotiating with foreign banks to raise refinancing loans. However, the company's high leverage and poor trading results mean it is likely to breach the financial covenants of its obligations. Click here for more.
Norway’s government signaled it sees little risk of Eksportfinans ASA defaulting on its obligations even after the state-backed lender was downgraded to junk in response to last month’s decision to wind down the unit.
Norway’s government signaled it sees little risk of Eksportfinans ASA defaulting on its obligations even after the state-backed lender was downgraded to junk in response to last month’s decision to wind down the unit.
State and local governments are unlikely to experience a “material increase” in municipal defaults during the next three to five years, according to a study by Kroll Bond Rating Agency.
Bahrain’s default risk climbed to the highest since March, at the height of confrontations between government troops and protesters, amid concern tensions may flare up before Sept. 24 parliamentary elections.
The U.S. is a “long way” from risk of default and Treasuries are still the safest dollar assets, said Kim Eng Tan, senior director for sovereign-debt ratings at Standard & Poor’s.
European sovereign default risk approached a record high before a report that may show U.S. hiring slowed in August, adding to signs the global economic recovery is weakening.
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