Debt Management News Archive

02-Jun-2009

 

  • Spice Finance and 3 Degrees Asset Management unveil PE fund (Business Standard India)
    Spice Finance, the financial services arm of the $1.5-billion BK Modi Group, has entered into a joint venture with Singapore-based 3 Degrees Asset Management to set up a special situations private equity (PE) fund to invest in distressed assets in Southeast Asia and India.


  • Freddie Mac to Repurchase Up to $30 Billion of Debt (Update1) (Bloomberg)
    June 1 (Bloomberg) -- Freddie Mac , the mortgage-finance company under government control, offered to repurchase as much as $30 billion of debt from investors, as it seeks to manage its borrowing costs better.


  • Claims management: The danger of the debt-free card (Guardian Unlimited)
    Financial ombudsman says claims management firms fixate on 'technical issues' rather than real problems The Financial Ombudsman Service (FOS) has warned against claims management companies that offer to wipe out credit card and personal debts. The ombudsman says the firms "fixate­ on technical legal issues", often ignoring the real problems. Claims firms say they have found a legal loophole ...


  • Law Firm Makes Valuable Debt Settlement Information Free to Public (PRWeb via Yahoo! News)
    Law Firm Specializing in Debt Resolution Options Provides Free Useful Information to Individuals in Financial Distress Through Newly Redesigned Website


  • Banner Health, AZ's Outstanding Debt Lowered To 'A+' Due Mainly To Balance Sheet Erosion; Outlook Stable (Thaipr.net)
    Standard & Poor's Ratings Services lowered its long-term rating and underlying rating (SPUR) on the outstanding debt issued on behalf of Banner Health, Ariz. to 'A+' from 'AA-'. The short-term compone


  • 3rd UPDATE: Freddie Announces $30 Billion Tender Of Near-Term Debt (Nasdaq)
    Freddie Mac (FRE) on Monday announced plans to repurchase up to $30 billion of debt securities coming due in the next 15 months as the mortgage giant looks at ways to restructure its balance sheet.


  • SOE debt ?should also be regulated? (Vi?t Nam News)
    HA NOI ? The proposed Public Debt Management Law must regulate the debt of State-owned enterprises (SOEs), National Assembly deputies argued yesterday.


  • Ports of Auckland owner faces debt timebomb (Stuff)
    A $105.5 million debt timebomb is putting pressure on Ports of Auckland owner Auckland Regional Holdings to inject cash into the company for the first time.


  • NIALL FERGUSON: Corrupt politicians and an economy sinking in terrifying debt. Britain has been here before... and ... (Daily Mail)
    NIALL FERGUSON: Corrupt politicians and an economy sinking in terrifying debt. Britain has been here before... and lesson should chill us all


  • Part of Maytas Infra debt went to Raju's till (rediff.com)
    Under the CDR package, the company has sought a debt-restructuring of Rs 2,800 crore, including Rs 1,800 crore for Maytas Infra and another Rs 1,000 crore for various special-purpose vehicles. Sources say the investment companies may have diverted the Rs 400 crore to Satyam Computers. "As per the account trail, this loan of Rs 400 crore was finally given to Satyam Computer, routing through these ...



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