Debt Management News Archive

22-Dec-2008

 

  • Informa looks at cutting debt to below £1bn (Independent)
    The board of Informa, the FTSE-250 media group, has ordered management to review its businesses as it looks to reduce its debt to less than £1bn. Selling parts of the group is the most likely option.


  • Fitch Affirms Rating for Kroger, Citing Ops Strategy (Progressive Grocer)
    Fitch Ratings said yesterday that it's debt ratings outlook for the Kroger Co. is "stable," reflecting the chain's "successful operating strategy, which has allowed the company to achieve industry-leading identical store sales trends, its ability to generate cost efficiencies and strong cash flow, and its conservative financial management."


  • Pimco Said to Balk at GMAC Debt Swap (New York Times)
    Bond fund Pacific Investment Management has turned down a debt-exchange offer from GMAC , threatening the auto and mortgage finance company?s bid to qualify for U.S. government funds, Bloomberg News reported.


  • Global Investment House Hires HSBC to Renegotiate Its Debt (Bloomberg)
    Dec. 22 (Bloomberg) -- Global Investment House KSCC, Kuwait?s biggest investment bank, appointed HSBC Holdings Plc as an advisor to renegotiate its debt with foreign lenders.


  • Global starts debt talks, names HSBC adviser with foreign lenders (Gulf Times)
    KUWAIT CITY: Kuwait?s Global Investment House, downgraded by two ratings agencies for allegedly not meeting debt obligations, said it named HSBC as an adviser with foreign lenders after meeting with them yesterday.


  • NFA outstanding debt to hit P108B (Philippine Daily Inquirer)
    THE SURGE in the prices of imported rice will reflect on the outstanding debt of the National Food Authority (NFA), currently estimated to reach P108 billion by year's end--more than double the P43 billion recorded in 2007.


  • Experts: Now time to take reins on debt (Missoulian)
    If you are feeling financially overextended and anxious about money matters, don't fret. There are things you can do to alleviate your stress. Missoula financial experts say being proactive about your debt load is the best way to navigate a recession and ensure your own fiscal health.


  • Kuwait's Global says HSBC adviser in debt talks (Reuters via Yahoo! UK & Ireland News)
    Kuwait's Global Investment House , downgraded by two ratings agencies for allegedly not meeting debt obligations, said it named HSBC as an adviser with foreign lenders after meeting with them on Sunday.



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