Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (6 lettori)

Fabrib

Forumer storico
BUENOS AIRES (Reuters) - The government of Argentina’s Chubut province will seek to delay payments on debt after Buenos Aires province, Argentina’s largest, also asked its creditors for extensions as the country grapples with a debt crisis, local media reported on Friday.
The provincial government of Chubut, located in the Patagonian region, plans to submit a restructuring proposal to its local legislature that aims to defer debt payments over the next four years and reduce the size of the district’s public administration, the reports said.
Chubut’s total public debt amounts to about $855 million, 85% of which is denominated in U.S. dollars and backed by oil royalties, Chubut Economy Minister Oscar Antonena told state news agency Telam.
The debt deferment plan addresses an “acute situation in finance that forces us to propose a restructuring,” he said.
 

waltermasoni

Caribbean Trader

Bombardier Inc. Outlook Revised To Negative From Stable On Weaker-Than-Expected Earnings And Cash Flow

  • 17-Jan-2020 10:47 EST
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  • Table of Contents
  • Bombardier Inc. announced it anticipates weaker-than-expected earnings and cash flow results for 2019, which marks the third downward revision to its guidance since the beginning of 2019 and is primarily related to challenges within the company's transportation division.
  • We have less conviction that the company can generate positive annual free operating cash flow over the next couple of years sufficient to meaningfully reduce its very high debt leverage and manage its refinancing risks.
  • As a result, S&P Global Ratings revised its outlook on Bombardier to negative from stable and affirmed its ratings on the company, including the 'B-' issuer credit rating.
  • The negative outlook reflects the potential for a downgrade if, over the next 12 months, we do not expect Bombardier to meaningfully reduce its refinancing risk and prospective leverage, thereby increasing the potential that we would deem its capital structure as unsustainable.
 

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