Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 1

[sterubb]

Sei sempre dell'idea di mediare visti questi numeri?? Nonna vedo benissimo...

Gol Linhas Aereas Inteligentes Downgraded To 'CCC-' From 'B-', Off Watch On Likely Debt Restructuring; Outlook Negative

• 29-Mar-2016 00:05 BST

View Analyst Contact Information

• We expect weak market conditions and heavy capital structure to force
  Brazilian airline GOL to restructure its debts, especially its senior
  unsecured bonds, as seen in the company's recent announcements of
  engagements with debt restructuring advisors.
• We're lowering our global scale ratings on GOL to 'CCC-' from 'B-' and
  national scale ratings to 'brCCC-' from 'brB-'. We also removed all
  ratings from CreditWatch with negative implications where we placed them
  on Feb. 5, 2016.
• The negative outlook reflects our view that there's a high likelihood
  that the company plans to renegotiate the terms of some of its debts or
  make an exchange offer in the next six months. We would consider the
  latter as distressed, and therefore, tantamount to a default.

SAO PAULO (Standard & Poor's) March 28, 2016--Standard & Poor's Ratings
Services lowered its global scale corporate credit rating on GOL Linhas Aereas
Inteligentes S.A. (GOL) to 'CCC-' from 'B-'. We also lowered our national
scale corporate credit rating on the company to 'brCCC-' from 'brB-'. In
addition, we removed all ratings from CreditWatch negative listing. The
outlook on the corporate credit ratings is negative.

We also lowered our issue-level rating on GOL's senior unsecured bonds to
'CCC-' from 'B-'. The recovery rating of '4', indicating our expectation of an
average recovery (30%-50%; the lower end of the range) for the unsecured debt,
remains unchanged.


GOL has announced today that it has engaged advisors to look for measures to
strengthen its capital structure. This announcement supports our view that due
to difficult market conditions, weak demand, weak domestic currency, and
intense competition that will result in subpar cash generation, GOL's capital
structure will become unsustainable. We believe that high interest expenses
and cash burn from operations will deplete the company's currently strong cash
position in the next 12 to 18 months. This scenario would increase the
likelihood that GOL will seek to de facto restructure its debts, especially
the most expensive senior unsecured debt within the next six months. Given the
company's inability to improve credit metrics on its own, it's highly likely
that we would consider the renegotiation of terms and conditions, or exchange
offers, as a distress negotiation, which would tantamount to a default.


The negative outlook reflects our expectations that the company will look to
renegotiate the terms of some of its debts in the next six months, and that
there's high likelihood we would consider those negotiations as distressed.
Furthermore, we will lower the company's ratings if it fails to meet any of
its scheduled financial obligations with banks, lessors, and/or bonds.


An upgrade is currently unlikely, given the weak fundamentals for the
company's operations and that a positive rating action would depend on
significant improvements in GOL's cash flows due to external factors, such a
capital increase or unexpected recovery in market conditions.

 

[fabriziof]

venduto gol 2020 a 30.prego astenersi da facili ironie.auguri a chi resta

 

[sterubb]

venduto gol 2020 a 30.prego astenersi da facili ironie.auguri a chi resta

Senza nessuna ironia (sui soldi persi non c'è mai da ironizzare)...ma deduco che ti aspetti un taglio del debito superiore al 70% e nessuna speranza di swap con altri bond o equity...

 

[fabriziof]

Senza nessuna ironia (sui soldi persi non c'è mai da ironizzare)...ma deduco che ti aspetti un taglio del debito superiore al 70% e nessuna speranza di swap con altri bond o equity...

mi hanno proposto un prezzaccio ,assai inferiore a quanto vedo sulle piazze tedesche ,ma tant'è . non entro nel merito ,ultimamente, quando vedo la mala parata ,vendo .ad es.con scholz e ica ho fatto benissimo ,può benissimo darsi che stavolta sbaglio

 

[SempreFranco]

XS0596918135 EDCON
La cedola semestrale di marzo non è stata pagata: qualcuno ha news in proposito??
Grazie

 

[Bixio60]

Grazie a tutti per le risposte.
Io comunque tengo monitorato il titolo .
Ho già troppa liquidità e non voglio più investire in dollari di cui sono zeppo.

 

[Fabrib]

Bombardier lands order for 20 business jets
Apr 1 2016, 08:11 ET | About: Bombardier Inc.A (BDRAF) | By: Yoel Minkoff, SA News Editor

Bombardier (OTCQXDRAF, OTCQXDRBF) has received a firm order for 20 Challenger 350 aircraft, but did not disclose the customer due to competitive reasons.

Based on the 2016 list prices, the contract is valued at approximately $534M.

 

[nik.sala]

XS0596918135 EDCON
La cedola semestrale di marzo non è stata pagata: qualcuno ha news in proposito??
Grazie

nessun comunicato

 

[qquebec]

Anche Frigoglass sta per andare a puttane

 

[gionmorg]

Cedola cliff accreditata