Hints and tips:
...Yields on single-B rated debt — a marker of the leverage common in buyouts — have surged from 4.7 per cent at the start of the year to 8.9 per cent, according to ICE Data Services....
...Second, German financier Lars Windhorst has denied living a “billionaire lifestyle” while large debts to creditors remain outstanding, during a London high court hearing where he struggled to answer questions...
...Those fixtures are expected to continue to air as DSG negotiates with its creditors and restructures its debt....
...S&P cited the World Bank’s backing plus Argentina’s “unblemished record” in servicing multilateral debt....
...Still, Fitch Ratings and Moody’s Investors Service give the company very few “investable” ratings in the sector, while S&P Global Ratings maintains its junk rating....
...Just 242 US companies tracked by S&P Global Market Intelligence filed for bankruptcy in the first half of 2021, down a quarter on 2020....
...It announced last month that it would invest up to S$500m (US$371m) in digital services and to unify its digital bank capabilities from TMRW and its main banking apps used in countries such as Singapore....
...A version of this article was first published by Nikkei Asia on August 9 2021. ©2021 Nikkei Inc....
...Mediapro then sought court protection from its creditors, namely the LFP....
...Not so great for Liberty Global and Telefónica, Virgin Media and O2’s respective parent companies....
...Analysts at S&P downgraded the company’s debt on the same day, citing “the strong likelihood the outcome will result in a selective default or Chapter 11 bankruptcy.”...
...A version of this article was first published by the Nikkei Asian Review on February 14 2020. @2020 Nikkei Inc. All rights reserved....
...In the end, 320 foreign creditors claiming $4.7bn took massive haircuts on their investments, according to the book Red Capitalism, by Carl Walter and Fraser Howie....
...Vasan was previously a managing director at GE Energy Financial Services. Equity exchange MEMX has named Jonathan Kellner as its chief executive....
...Tesla has said Model S and X deliveries will hit 100,000 this year....
...On Tuesday, Mr Krafcik said the company would launch its service “this year”....
...Among the private equity owned retailers who have fallen into distress over the past decade are luxury goods brands including Barneys and Neiman Marcus, specialty apparel retailers such as J Crew and Claire...
...Loan portfolios are best grown slowly, says Mr Senturia, who is now advising a handful of fintechs and specialty finance companies....
...Supermarket groups Tesco and J Sainsbury are removing a layer of management after shedding thousands of roles last year, while M&S has said that one in four of its 300 clothing stores will be shut down,...
...On Monday, the deal was gatecrashed by Sempra Energy, a California energy utilities group, which received backing from Paul Singer-led hedge fund Elliott Management, EFH’s largest creditor....
...Hong Kong’s Hang Seng and Australia’s S&P/ASX 200 were flat....
...S&P also recently upgraded its outlook on Greek government debt from stable to “positive” on the back of hopes the country will receive further debt relief from its EU creditors next year....
...At the time, the stock was at S$1.30; Morgan Stanley had a target price of S$2.30. As the report said: “We believe Noble’s 2016 liquidity crunch is beginning to inflect....
...She helped negotiate a deal with regulators and creditors and won the trust of the bank’s senior management....
...The S&P 500 declined 0.2 per cent to 2,163.21, but nudged up to close at 2,169.91....
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